Schwartz, Warren F.; Wickelgren, Abraham L. - In: The Journal of Legal Studies 38 (2009) 1, pp. 235-253
We revisit Lucian Bebchuk's 1996 claim that plaintiffs can use the sequential nature of litigation to extract a positive settlement from a negative-expected-value suit. We make three claims. First, this result is heavily dependent on the specific bargaining game he uses. Second, in an...