Hedonic Damages


Also found in: Dictionary, Legal, Wikipedia.

Hedonic Damages

Compensation for the loss of value of life in an injury case. For example, if Fred's negligence causes Bob to break his neck and become paralyzed, a jury in the resulting lawsuit may award Bob hedonic damages to repay him for the fact he can no longer enjoy his life in the same way as he once did. Hedonic damages are distinct from damages award for loss of income, earning potential and so forth. Most jurisdictions in the United States permit the award of hedonic damages.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
(53.) See infra Part IV.B.1 for a discussion of the precedential approach, and infra Part IV.B.5 for a discussion of hedonic damages.
Rationalizing noneconomic damages: a health-utilities approach
injuries." (35) Hedonic damages, they say, reinforce the view that
Harry Potter and the trouble with tort theory
Although hedonic damages have no basis in economic or accounting theory, they have been erroneously accepted as valid in some jurisdictions.
Basics of hedonic damages
Few state courts instruct juries on hedonic damages and the value of life.
Implementing the 9/11 victim compensation fund: two steps forward, one step back: while the statute establishing the fund seeks full compensation for victims, the regulations are subject to challenge for failing that mandate in some respects
Section III examines why hedonic damages as they are traditionally formulated as a damages concept are not warranted.
Misuses and proper uses of hedonic values of life in legal contexts
Supreme Court held that hedonic damages are not punitive damages and therefore are not prohibited under the Federal Tort Claims Act (FTCA).(18) The Court stated that the availability of such damages under the FTCA is determined by reference to state substantive law.
Seeking recovery for loss of enjoyment of life
At that time, a pitched battle was raging over whether benefit-cost analyses of medical treatment should use traditional human capital costs versus values of statistical life derived from willingness to pay concepts (essentially anticipated hedonic damages).
Valuing nonfatal quality of life losses with quality-adjusted life years: the health economist's meow
DAMAGES for the loss of enjoyment of life, known as "hedonic damages," have received widespread attention and, with justification, have attracted the concern of the defense bar.
How to defend against claims for hedonic damages
Since 1985, and more commonly since 1990, value-of-life estimates have been used to assist juries who are charged with determining awards for the value of the loss of enjoyment of life (so-called hedonic damages) in both injury and death cases (Smith, 1988).
Jury verdicts and the dollar value of human life
THE area of hedonic damages has received a great deal of attention in recent years in both personal injury and wrongful death cases.
Hedonic damages revisited: some empirical findings
Johnson, Paul Taylor and this author [Ireland, Johnson and Taylor, 1997; henceforth IJT] provided a review of reported legal decisions regarding the admissibility of testimony by economic experts on hedonic damages since the decision of the United States Supreme Court in William Daubert et al v.
Recent legal decisions regarding hedonic damages: an update
Financial browser ?
Full browser ?