Both corrective justice (focusing on fairness to the victim) and the economic model (focusing on incentives to the wrongdoer) call for damages that equal the full value of the injury to the victim. The primary function of corrective justice is to rectify the harm done a victim of wrongdoing. Corrective justice generally aims at restitution or compensation for loss, assuming that when victims are made whole, wrongdoers are sanctioned and deterred from engaging in future misconduct. Damages are incapable of restoring or replacing the rights that have been violated and, as a substitute remedy, are sometimes inadequate to redress fully the harm. Damage awards, however, supply the means for whatever part of the former life and projects remain possible and may allow for new ones. For this reason, ‘compensation is inevitably a second-best response that comes into play when full rectification is impossible’.
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