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In his inaugural lecture, Louis Visscher discusses three forms of 'debated damages' from an economic perspective. First, pain and suffering damages for personal injuries are regarded as too low in the Netherlands, but a framework to assess the 'correct magnitude' is lacking. Visscher argues that the concept of Quality Adjusted Life Years (QALYs) can offer such a framework. Applying QALYs, the author concludes that Dutch damages indeed are too low. Second, a recent draft bill proposes affection damages for relatives of a victim who is seriously injured or killed. Visscher welcomes this, but argues on the basis of economic insights that the envisaged amounts are too low.Third, mass litigation is not allowed to have the object of seeking monetary compensation. A recent draft bill proposes to strike this prohibition. Visscher welcomes this, because mass damages litigation has several potential benefits. Whether the draft bill sketches aneconomically optimal procedure, however, is questionable.
Biografía del autor:
Louis Visscher (1969) studied both economics and law and wrote his dissertation on a Law and Economics analysis of Dutch tort law. On 12 December 2014, he accepted the position of Professor of Legal Economic Analysis of Tort and Damages at the Erasmus School of Law. His main research interest is the economic analysis of private law. He has published on, among others, the economic analysis of tort law, damages, insurance, contract law, procedural law, harmonization and law enforcement.
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- VerlagEleven International Publishing
- Erscheinungsdatum2015
- ISBN 10 9462366039
- ISBN 13 9789462366039
- EinbandTapa blanda
- Auflage1
- Anzahl der Seiten76
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Debated damages.
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Eleven International Publishing
(2015)
ISBN 10: 9462366039
ISBN 13: 9789462366039
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Buchbeschreibung Zustand: as new. The Hague : Eleven International Publishing, [2015]. Paperback. 75 pp. (Erasmus law lectures, 39). Inaugural address Erasmus Universiteit Rotterdam. - In his inaugural lecture, Louis Visscher discusses three forms of 'debated damages' from an economic perspective. First, pain and suffering damages for personal injuries are regarded as too low in the Netherlands, but a framework to assess the 'correct magnitude' is lacking. Visscher argues that the concept of Quality Adjusted Life Years (QALYs) can offer such a framework. Applying QALYs, the author concludes that Dutch damages indeed are too low. Second, a recent draft bill proposes affection damages for relatives of a victim who is seriously injured or killed. Visscher welcomes this, but argues on the basis of economic insights that the envisaged amounts are too low.Third, mass litigation is not allowed to have the object of seeking monetary compensation. A recent draft bill proposes to strike this prohibition. Visscher welcomes this, because mass damages litigation has several potential benefits. Whether the draft bill sketches aneconomically optimal procedure, however, is questionable. Condition : as new copy. ISBN 9789462366039. Keywords : RECHT, burgerlijk recht English law. Artikel-Nr. 288828
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