Realism
I find this approach unfair and typical of attitudes within the airlines. The customer had a camera and two pair of shoes. She was not intending to sell them, and whilst their value if she were to sell them would have been lower, she did not intend to sell them.
The customer entrusted her camera and shoes to the airline, and the airline confirmed that they had these items. They then negligently lost them. To pay the "second hand value" of these items does not make the customer whole. She cannot go to the camera shop and get a camera to replace it for a second hand price. This is an injustice, the customer is worse off and has not been made whole.
She started her journey with a camera and two pairs of shoes, and after being compensated using your method of calculating, she would be worse off than when she started.
How is this justice? If I stole your watch, and the court ordered me to compensate you, would it be fair for me to pay you the second hand value of the watch? That would leave me better off... I have a watch and you have insufficient money to buy a replacement. That is not just and I hope I never come before a "judge" like you.. you appear to have no natural sense of "justice".
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