caa a22 4500 465817165 CHVBK 20180323112126.0 cr unu---uuuuu 170327e19900901xx s 000 0 eng 10.1007/BF00386353 doi (NATIONALLICENCE)springer-10.1007/BF00386353 Karns Jack School of Business, East Carolina University, 27858-4353, Greenville, NC, USA aut Economics, ethics, and tort remedies: The emerging concept of hedonic value [Elektronische Daten] [Jack Karns] This article reviews the development of hedonic value of life as a remedy in wrongful death and personal injury tort cases. Hedonic value estimates the worth of lost pleasures of living in an effort to compensate for intangible enjoyments, such as quality of education and environmental standards. This remedy goes well beyond the traditional approach which has compensated primarily for lost earnings and other expenses directly related to the tortious conduct. Most of the attention regarding hedonic value as a relatively new tort remedy has focused on its application in non-business litigation. However, given the significant damage awards in recent cases, it is likely that this economic theory will arise in commercial litigation, especially products liability cases. The business community must be conversant with the ethical issues raised by this novel tort remedy in order to fashion a reasoned and socially acceptable contra-position. Kluwer Academic Publishers, 1990 Journal of Business Ethics Kluwer Academic Publishers 9/9(1990-09-01), 707-713 0167-4544 9:9<707 1990 9 10551 https://doi.org/10.1007/BF00386353 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00386353 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Karns Jack School of Business, East Carolina University, 27858-4353, Greenville, NC, USA aut NATIONALLICENCE 773 0- Journal of Business Ethics Kluwer Academic Publishers 9/9(1990-09-01), 707-713 0167-4544 9:9<707 1990 9 10551 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer