Forensic Economics Expert Witnesses in Michigan
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Forensic Statistics & Economics Expert Witness
Michigan
This expert is a forensic statistics and economics specialist, having earned his PhD in economics from Massachusetts Institute of Technology. He has extensive and successful trial experience and has pursued successful damages calculation cases. He is a member of the National Association of Forensic Economics and is a former economist at the U.S. Bureau of Labor Statistics. He is currently the...
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Forensic Economics Expert Witness FAQs
A forensic economics expert witness is a professional who applies economic theories and methods to legal issues, often providing testimony in court cases involving economic damages.
Forensic economics experts are often used in personal injury, wrongful death, employment discrimination, and business loss cases where economic damages need to be calculated.
They use various methodologies including present value calculations, statistical analysis, and labor market surveys to estimate the financial impact of an event or action.
Yes, some forensic economists specialize in specific areas such as labor economics, health economics, or industrial organization which may be relevant depending on the case specifics.
Absolutely. They can provide valuable insights into the calculation of reasonable royalties and lost profits due to patent infringement.
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