Forensic Economic Analysis


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Essay #: 053076
Total text length is 5,165 characters (approximately 3.6 pages).

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The beginning:
Forensic Economic Analysis
A Jones & Laughlin Steel Corp. v. Pfeifer establishes that the discount rate for the lost earnings of an employee should be set at the rate of interest on “the safest available investment.” Thus, John Wayne’s discount rate should be based the average yield of a government-issued bond or T-bill, as these instruments are indeed the safest available investments. Following Beaulieu v Elliott, it does not appear that the parties have agreed to follow the Beaulieu role, so future earnings will be discounted as per the ruling in Chesapeake & Ohio Railway Company v. Kelly.
B The worklife expectancy of John Wayne can be calculated according to the U.S. Bureau of Labor Statistics, which estimates that working men...
The end:
..... not yet reached his full earning potential, for in this case the payout model will have to accommodate to adjust higher salaries over the future pay period; However, based on Feldman v. Allegheny Airlines, plaintiff would have to present a very strong case that a new opportunity had bypassed him because of the wrongful termination. Without causality, the defendant is not responsible for the greater income that John could have expected to earn.
Hall, K.L. (2001). The Oxford guide to U.S. Supreme Court decisions. New York: Oxford
University Press US
Smith, S.J. (1986). Revised worklife tables reflect 1979-1980 experience. U.S. Bureau of Labor
Statistics. Retrieved July 9, 2009, from