TEA.2.1

$25.00

A Conceptual Framework for Valuation in Economic Testimony: Market Tests, Revealed Preferences, and Value Inferences

Ireland, Thomas R. 1999. “A Conceptual Framework for Valuation in Economic Testimony: Market Tests, Revealed Preferences, and Value Inferences.” The Earnings Analyst  2: 1-22.

Description

The purpose of this paper is to provide insight into why economic theory gives economic experts a comparative advantage when valuation is complex. Consideration is then given to how economic experts go about preparing loss assessments in ordinary personal injury and wrongful death circumstances. The paper ends with a consideration of the question: When is it appropriate for area-specific experts such as Vocational Experts to provide wage loss analysis?

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