Why the Forensic Economic Valuation of Nighttime Protection and Care Services Has No Merit
N. C. Ostrofe. 2021. Why the Forensic Economic Valuation of Nighttime Protection and Care Services Has No Merit. Journal of Legal Economics 27(2): pp. 67–78.
This paper critiques ‘‘Estimating the Full Value of Household Services Damages: Inclusion of Nighttime Protection and Care Services,’’ by James A. Mills and Bernard Pettingill, published in The Earnings Analyst in 2019. It refutes the idea that there is a third category of household services – Nighttime and Protection and Care services – purportedly undiscovered or overlooked by forensic economists. Mills and Pettingill misinterpret the Dollar Value of a Day:2019 Dollar Valuation and draw specious comparisons with firefighters, security guards, and home health care workers in their attempt to impute economic value to time spent sleeping.
N. C. Ostrofe