The price of impending death : evidence from compensation awarded to victims contaminated by AIDS in France

Details

Serval ID
serval:BIB_870637F9B090
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
The price of impending death : evidence from compensation awarded to victims contaminated by AIDS in France
Journal
Journal of Legal Economics
Author(s)
Harrant Valérie
ISSN
1054-3023
Publication state
Published
Issued date
2002
Peer-reviewed
Oui
Volume
12
Number
1
Pages
53-81
Language
english
Abstract
An explanation of the estimated amounts of compensation in the case of impending death, using the damages awarded to the contaminated victims as the dependant variable in a single equation regression model which is founded on Lancaster's goods characteristics model and on a model of inter-temporal choice of consumption is presented. The data source of the Compensation Fund for People infected by blood transfusions and the haemophiliacs (FITH) was used to provide the variables deployed. The results indicate the negative effect of age, sex, nationality and medical state, and the positive effect of professional status and the presence of contaminated nearest relatives. One observation is that individuals who suffer from economic damage go more often to the courts than other individuals. Since the objective of the FITH is to award a compensation and to minimize the number of victims who uses the right of appeal against it, the FITH awards a higher compensation in order to dissuade them from going to courts. [Author]
Keywords
Value of Life , Acquired Immunodeficiency Syndrome , Compensation and Redress
Create date
14/03/2008 11:21
Last modification date
20/08/2019 15:46
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