Arsine Khayoyan
September 11, 2023
In the realm of forensic economics, calculating damages is a nuanced and intricate task. Forensic economists play a pivotal role in quantifying the economic impact of various factors in legal cases. Two primary methodologies employed in this field are the Nominal Rates Method and the Net Discount Rate Method. While both the Nominal Rates Method […]
Arsine Khayoyan
April 5, 2023
Medical inflation and the Consumer Price Index (CPI) have a long-standing relationship that has been of great concern for policymakers, healthcare providers, and consumers alike. Medical inflation refers to the increase in the cost of medical services and products over time, while the CPI is a measure of the average change in prices over time […]
K2 Economics
September 25, 2018
When dealing with a personal injury or medical malpractice matter that results in a wrongful death, it is important to remove the personal consumption of the Decedent when calculating damages.  Indivisible expenses are not to be included as part of the Decedent’s personal consumption at all. When calculating personal consumption, it is important to take […]
K2 Economics
August 15, 2018
When a Plaintiff can no longer work due to an injury, the loss of future earnings will span from the date of the incident all the way through their pre-incident retirement date. When most people think of retirement, age 65 is usually what pops into mind. To qualify for full Social Security Retirement Benefits, individuals […]
K2 Economics
February 15, 2016
There are lawyers that often do not utilize the services of an expert economist, especially when the earnings portion of the case appears cut and dry. Instead, they choose to calculate the damages in-house in the interest of cutting costs. We are going to discuss a hypothetical personal injury case which seems to have a […]
