A Law and Economic Analysis of Damages for Nonpecuniary Losses in Cases of Personal Injuries and Fatal Accidents
PhD student: Mrs Dr V. Karapanou
Promotors: Prof R.J. van den Bergh, Prof L.T. Visscher
Duration: 1/10/2008 - 30/9/2012
PhD defence: Rotterdam, 31/1/2013
Determining a correct amount of compensation for pain and suffering, anxiety, loss of enjoyment of life or loss of life itself is difficult. The latter is often excluded from compensation, whereas damages for the other types of losses differ greatly between and within countries. In the fields of Law and Economics and Health Economics, several approaches exist which might provide a more thorough underpinning of the legal treatment of these losses: Value of a Statistical Life, Value of a Statistical Life Year and Quality Adjusted Life Year. The proposed research investigates the possible utilizations of these approaches in the law of damages.