Abstract
This note outlines a practical approach for the valuation of the total life of a deceased human being. The outline is especially suitable for presentation to a court of law as an aid in determining damages and represents a modest extension of the work by Stan, Smith and other scholars.
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References
Glenn Blomquist, “The Value of Human Life: An Empirical Perspective,”Economic Inquiry, Vol. 19, 1981, 157–64.
Brookshire, Michael L., and Stan V. Smith,Economic/Hedonic Damages, 1990. Cincinnati, OH: Anderson Publishing Co.
Ted R. Miller, “Willingness to Pay Comes of Age: Will the System Survive?”Northwestern Law Review, Vol. 83, 1989, 876–907.
Tina M. Tabacchi, “Hedonic Damages: A New Trend in Compensation?”Ohio State Law Review, Vol. 52, 1991, 331–49.
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The author is Professor of Economics at the Georgia Institute of technology Stan Smith provided very helpful comments on an earlier draft of this paper Richard J. Cebula
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Cebula, R.J. The valuation of life for damages purposes in lawsuits: A pedagogical note. J Econ Finance 21, 75–78 (1997). https://doi.org/10.1007/BF02929041
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DOI: https://doi.org/10.1007/BF02929041