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The Valuation of Household Production: Divorce, Wrongful Injury and Death Litigation
Author(s) -
Fischer Charles C.
Publication year - 1994
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1994.tb02585.x
Subject(s) - wrongful death , valuation (finance) , production (economics) , economics , actuarial science , personal injury , value (mathematics) , damages , labour economics , sociology , law , law and economics , political science , microeconomics , accounting , machine learning , computer science
A bstract . An important subject, that of placing an economic value on household production for divorce, wrongful injury and death litigation , is examined. Both theory and practice are explored, with emphasis given to the latter. National questionnaire data obtained by the author suggest that forensic economists generally take a conservative, perhaps overly narrow, approach in valuing household production. Possible reasons for this, implications, and future directions in forensic practice are discussed