Abstract
Statutory law and case law establish mandates with respect to discounting future sums and the treatment of taxes in cases of personal injury. The results presented herein concern the northeast states and have been distilled from a larger ongoing study of the 50 states in the US. The principal finding is that states differ widely in their individual mandates. Forensic economists must be aware of the requirements in the jurisdiction(s) in which they practice or risk running afoul of established procedures.
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Acknowledgements
The enthusiastic research assistance of Maria Salame, Holy Cross Class of 2011, is gratefully acknowledged, as is the financial support of the May and Stanley Smith Charitable Trust. James D. Rodgers provided insightful comments on a related study [Schap 2010] that have been incorporated here.
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Schap, D. Legal Requirements in the Practice of Forensic Economics in the Northeast States. Eastern Econ J 36, 407–412 (2010). https://doi.org/10.1057/eej.2010.28
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DOI: https://doi.org/10.1057/eej.2010.28