2009
DOI: 10.1177/026975800901600104
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How do We Compensate a Victim's Losses?

Abstract: Compensatory damages awarded in court are intended to make victims ‘whole again’. This intention raises the question how the losses, especially the emotional losses, that victims incur could be compensated. This paper provides an overview of the economic theories that are used to provide an answer to this question and it purports to provide a new perspective on compensation by explaining how victims could be compensated by both financial and non-financial forms of compensation.

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Cited by 5 publications
(3 citation statements)
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“…Their comments were made in a special issue of the Review that explored alternative models drawn from health, and from welfare economics, for placing monetary values on what the common law of general damages aims to compensate as ‘pain and suffering’ (Dolan and Moore, 2007; Dolan et al, 2007; Loomes, 2007), or as ‘loss of amenities’ and ‘loss of expectation of life’ (‘quality-adjusted life years’, Dolan et al, 2005). 2 In a later review, Mulder (2009: 69) commented that the reason why it is impossible to formulate clear and practical guides for such compensatory damages is that although it is accepted that they are intended to make victims whole, ‘it is still unknown how economic and non-economic forms of compensation actually work and how they are interrelated’. It was in part for these reasons that in 1996 the British state compensation scheme replaced common law damages with a tariff that grouped together injuries of comparable severity to which a corresponding financial value was attached; its purpose was precisely not to compensate for the injury itself but simply to give it monetary recognition.…”
Section: Introductionmentioning
confidence: 99%
“…Their comments were made in a special issue of the Review that explored alternative models drawn from health, and from welfare economics, for placing monetary values on what the common law of general damages aims to compensate as ‘pain and suffering’ (Dolan and Moore, 2007; Dolan et al, 2007; Loomes, 2007), or as ‘loss of amenities’ and ‘loss of expectation of life’ (‘quality-adjusted life years’, Dolan et al, 2005). 2 In a later review, Mulder (2009: 69) commented that the reason why it is impossible to formulate clear and practical guides for such compensatory damages is that although it is accepted that they are intended to make victims whole, ‘it is still unknown how economic and non-economic forms of compensation actually work and how they are interrelated’. It was in part for these reasons that in 1996 the British state compensation scheme replaced common law damages with a tariff that grouped together injuries of comparable severity to which a corresponding financial value was attached; its purpose was precisely not to compensate for the injury itself but simply to give it monetary recognition.…”
Section: Introductionmentioning
confidence: 99%
“…Our research was not aimed at examining how to calculate levels of damages for non-economic harm resulting from the death or injury of a loved one. This focus can be found in other literature based on economic approaches of tort law (e.g., Avraham 2005 ; Mulder 2009 , for reviews on insurance theory; see also Oswald and Powdthavee 2008 ; Posner and Sunstein 2005 ; Sunstein 2008 on, for example, hedonic adaptation, but cf. Swedloff and Huang 2010 ).…”
Section: Discussionmentioning
confidence: 99%
“…Furthermore, Berryessa (2014), Kwong et al (2015), and Vining, Wilhelm, and Collens (2014) discovered that biased media reporting can influence how people perceive certain justice systems. Moreover, judges' decisions are impacted by the misconception's media stories have given rise to (Matter and Stutzer, 2013;Mulder, 2009;and Wentland, 2012). A substantial persuasive effect from biased media portrayal is possible.…”
Section: The Potential Impact On Judge's Behavior Thoughts and Attitudesmentioning
confidence: 99%