Tag Archives: economist
Economics Expert & Oracle Case

Economics Expert & Oracle Case

Economics expert James Kearl of Brigham Young University will present a damages report in the Oracle IP case against Google. Dr. Kearl’s expertise includes Law and Economics and Applied Microeconomics. The dispute over the Android mobile operating system is scheduled for trial on April 16 in the federal district court, N.D. Cal.

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Economist Expert Testifies On Gasoline Pricing

Economist Peter Ashton testified in Franklin Circuit Court, VA, that Marathon Petroleum charged prices at the pump “grossly in excess” of its actual costs during a declared emergency after widespread flooding in April. Ashton was the state’s expert and he testified that Marathon’s “cost increases could not justify these price increases.”

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Economic Analysis in Employment Case, Part 5

Economic Analysis in Employment Case, Part 5

According to the forensic economics literature, we would say the best approach would be to compute the reduction in payout at the time of retirement, rather than employer contribution. This approach, however, is more complicated, uses assumptions contributing to perhaps a more speculative figure and this method is more time-consuming for the economist.

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Economic Analysis in Employment Cases, Part 4

Economic Analysis in Employment Cases, Part 4

The unfortunate reality is that for the average American wage growth has not been keeping up with inflation since approx 1975! This may be referred to as the phenomenon of the falling real wage.

…..forensic economists look to the specific earnings history of the individual, when available, and exercise judgment in determining the earning capacity that should be expected in future years.

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Economic Analysis in Employment Case, Part 2

Economic Analysis in Employment Case, Part 2

HISTORIC LOSS (‘Back-pay’)

This period is from time of incident to date of trial. Wage growth rates could be used but no discounting.

Adjustment for promotions, “lost-chance” damages: Backpay may be increasedto take into account promotions the employee was likely to have received. [See Bishop v. Gainer (7th Cir. 2001) 272 F.3d 1009, 1015-1016].

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Deflation–How Is It Harmful To The Economy?

Deflation–How Is It Harmful To The Economy?

Deflation is the decrease in the general price level. This is opposite of inflation. How could lower price levels be harmful to the economy? This is not immediately intuitive to people who are not economists nor finance experts.

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Why has this been the big deal in California?

Budget deficits are awful for individuals. This means they are spending more than their income. But governments are not individuals. Their purpose of existence or role in the economy is different, have different borrowing and revenue capabilities, and their ‘lives’ never end.

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The Discount Rate ‘Controversy’ – Much Ado About Nothing Part 1

Often in litigation matters involving economic damages, opposing counsel and opposing experts attack the figure used, by their opponent, for the discount rate in present value computations.

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