TY  - JOUR
PY  - 2012//
TI  - Evaluating human life using court decisions on damages for pain and suffering
JO  - International review of law and economics
A1  - Leiter, Andrea
A1  - Thöni, Magdalena
A1  - Winner, Hannes
SP  - 119
EP  - 128
VL  - 32
IS  - 1
N2  - This paper provides a framework to evaluate human life based on civil court decisions on damages for pain and suffering. Using judgements from Germany and Austria over the last 25 years, we calculate an average Value of Damages for Pain and Suffering (VDPS) of about EUR 1.79 millions, with a minimum (maximum) of around EUR 0.67 (4.62) millions. Our approach also allows to calculate the value of body parts and body functions, which might be of interest if information on the benefit of an individual's change in life quality is not (entirely) available.<p />
LA  - 
SN  - 0144-8188
UR  - http://dx.doi.org/10.1016/j.irle.2011.09.002
ID  - ref1
ER  -