hedonic damages


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hedonic damages

(hiːˈdɒnɪk)
pl n
(Law) law compensation based on what the victim of a crime might have earned in the future
References in periodicals archive ?
She is entitled to compensatory damages--that is, lost wages, medical expenses, pain and suffering, and hedonic damages.
Only a handful of states recognize hedonic damages today, (100) although the number appears to be growing.
that "courts should not award hedonic damages for disabling
Bagenstos & Margo Schlanger, Hedonic Damages, Hedonic Adaptation, and Disability, 58 DEF.
They examine issues involving life and worklife expectancy, earnings and earnings capacity, fringe benefits, medical and personal care costs, taxes, discounting, personal consumption, household services, hedonic damages, and the relationship of forensic economics to ethics and the law.
Critics of the use of hedonic damages and the willingness-to-pay concept have attacked through several avenues.
The Cost of Substitute Consumption Activities: A Better Alternative Than Hedonic Damages," in Thomas R.
Core editorial comes from the third edition of "Stein on Personal Injury Damages," a volume that covers personal injury damages issues, including medical expenses, pain and suffering, wrongful death, punitive damages, hedonic damages, damages for emotional injuries, attorney's fees, and review of excessive or inadequate rewards.
An economist can also provide an analysis of traditionally nonpecuniary elements of loss through hedonic damages, which serve as proxies for measuring lost companionship, society, consortium, and enjoyment of life.
Peterson further stresses the importance of expert testimony by explaining its role in evaluating hedonic damages.
Although hedonic damages have no basis in economic or accounting theory, they have been erroneously accepted as valid in some jurisdictions.
The latter belong in the category of non-economic or general compensatory damages, as are hedonic damages that address the value of a life lost or truncated.