Forensic Economics Expert Witnesses in Michigan

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Forensic economics expert witnesses practice in a variety of fields, including personal injury cases, wrongful death suits, employment discrimination claims, business valuation disputes, and commercial damages litigation. Some of the most common forensic economics expert witness specialties also include wage loss analysis, life care plan valuation, economic damage calculations, lost profit assessment, and earning capacity evaluation. They can opine on the effects of economic losses due to personal injuries, the financial impact of wrongful termination, the value of lost business opportunities, the cost of medical care over a lifetime for injured individuals, and the economic implications of discriminatory practices.

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Average Forensic Economics Expert Witnesses Court Fees

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Forensic Economics Experts in Michigan

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Review Fee $550/hr
Deposition Fee $550/hr
Court Fee $550/hr

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 president of an independent forensic economy practice in Michigan.

President, A MI forensic economy practice

Doctor of Philosophy (PhD), Massachusetts Institute of Technology

Ann Arbor,

Michigan

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FAQs for Forensic Economics Expert Witnesses

What is a forensic economics expert witness?

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.

In what types of cases can a forensic economics expert witness be beneficial?

Forensic economics experts are often used in personal injury, wrongful death, employment discrimination, and business loss cases where economic damages need to be calculated.

How does a forensic economics expert calculate economic damages?

They use various methodologies including present value calculations, statistical analysis, and labor market surveys to estimate the financial impact of an event or action.

Are there subspecialties within the field of forensic economics?

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.

Can a forensic economics expert help with patent infringement cases?

Absolutely. They can provide valuable insights into the calculation of reasonable royalties and lost profits due to patent infringement.

How does Expert Institute select its Forensic Economics expert witnesses?

Expert Institute offers a personalized approach to help you find the highest quality experts. We source actively-practicing professionals who match all your requirements for specialty areas, work experience, litigation history, fee range, certifications, location, and more.

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