Damages for Incompensable Harms (forthcoming, with Robert D. Cooter)
Edward Elgar Publishing Ltd.
This paper reviews the economic analysis of damages generally, shows the paradoxes that arise when economic analysis is used to evaluate noneconomic damages, and outlines three alternative damage measures: value of statistical life (VSL), happiness equivalent, and Hand Rule Damages (HRD).
David E. DePianto. "Damages for Incompensable Harms (forthcoming, with Robert D. Cooter)" Research Handbook on the Economics of Torts (Arlen, ed.) (2013).