Nikitin, Maxim; Babcock, Linda; Landeo, Claudia M. - Econometric Society - 2004
, plaintiffs are more willing to accept lower settlement offers and therefore, the firm's expected litigation loss is lowered under … this statute. It is important to note, however, that the reduction in the firm's expected litigation loss will affect its … a strategic model of litigation under asymmetric information to investigate the effect of the split-award reform on the …