Law Practice
Oct. 28, 2005
Lawsuit's Price Is Forged by Competing Economic Theories
Forum Column - By Charles B. Parselle - Pricing lawsuits and racehorses is hard. Racehorses are riskier, but lawsuits are more complicated because two competing theories of value, market price and just price, are implicated in every lawsuit. The theories are not complementary but competitive, and of the two, the concept of a just price has taxed the brightest minds of western civilization.




Forum Column
By Charles B. Parselle
Pricing lawsuits and racehorses is hard. Racehorses are riskier, but lawsuits are more complicated because two competing theories of value, market price...
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