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Forensic Economics III - Economic Damages

Paper Session

Saturday, Jan. 6, 2018 10:15 AM - 12:15 PM

Marriott Philadelphia Downtown, Grand Ballroom Salon K
Hosted By: National Association of Forensic Economics
  • Chair: Lane Hudgins, Lane Hudgins Analysis

Hyperbolic Discounting and the Defense Economist’s Impact on Settlement Outcomes

Lawrence M. Spizman
,
State University of New York-Oswego

Abstract

Hyperbolic Discounting and the Defense Economist’s Impact on Settlement Outcomes

Before and After Analysis: An Application of Structural Break Testing to the Determination of Economic Damages

Logan Kelly
,
University of Wisconsin-River Falls
David L. Sienko
,
Hammerback Law Offices

Abstract

Before-and-after analysis is a highly reliable method for determining economic damages and providing support of causation claims in business interruption cases that has been accepted by courts in nearly every jurisdiction, but rudimentary methods, e.g. graphical analysis, simple correlation analysis, etcetera, are not foolproof. We discuss three problems that may arise and how structural break analysis may be used to solve these problems.

Causation-related Limitations on the Scope of Damages

Craig Allen
,
Commonwealth Research Group, Inc.

Abstract

Causation-Related Limitations on the Scope of Damages
Discussant(s)
Kristin Kucsma
,
Sobel Tinari Economics Group
Kevin E. Cahill
,
Boston College
Constantine M. Boukidis
,
VWM Analytics, LLC
JEL Classifications
  • K1 - Basic Areas of Law