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Strategic Decisions on Lawyers' Compensations in Civil Disputes
Kim, In-Gyu; Baik, Kyung Hwan - Econometric Society - 2004
insurance where contingent fees are absent; and (v) the American practice usually incurs less legal expenditures than the …
Persistent link: https://www.econbiz.de/10005342327
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The impact of liability for malpractice on the optimal reimbursement schemes for health services
Ossig, Sonja; Feess, Eberhard - Econometric Society - 2004
We analyze the impact of liability risks for malpractice on the optimal reimbursement schemes for hospitals. In our model, the hospital decides upon two unobservable efforts, a cost reduction effort and a quality improvement effort. We assume that the total effort is positive even without...
Persistent link: https://www.econbiz.de/10005063762
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Optimal Successor Liability
Choi, Albert - Econometric Society - 2004
In case of a merger or an acquisition, a tort liability that arises from the seller's conduct is often imposed on the buyer through the doctrine of successor liability. If the buyer has as much information about the potential liability as the seller, the first best is achieved: all gains from...
Persistent link: https://www.econbiz.de/10005342318
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Punitive Damage Awards, Frivolous Lawsuits and Firm’s Level of Care
Nikitin, Maxim; Landeo, Claudia M. - Econometric Society - 2004
insurance premiums and over-deterrence. In an attempt to overcome these negative effects, several US states have implemented …
Persistent link: https://www.econbiz.de/10005063694
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Deterrence, Lawsuits and Litigation Outcomes under Agency Problems and Court Errors
Landeo, Claudia M.; Nikitin, Maxim - Econometric Society - 2004
promotes unnecessary litigation (Dodson, 2000), the escalation of liability insurance premiums and over-deterrence. In an …
Persistent link: https://www.econbiz.de/10005699597
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Split-Award Tort Reform, Firm's Level of Care and Litigation Outcomes
Nikitin, Maxim; Landeo, Claudia M. - Econometric Society - 2004
In an attempt to reduce the liability insurance costs of firms, several US states have implemented many different kinds …
Persistent link: https://www.econbiz.de/10005699599
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Split-Award Tort Reform and Settlement Outcomes: An Experimental Investigation
Nikitin, Maxim; Babcock, Linda; Landeo, Claudia M. - Econometric Society - 2004
In an attempt to reduce the liability insurance costs of firms, several US states have implemented many different kinds …
Persistent link: https://www.econbiz.de/10005702607
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Arbitration Systems and Negotiations
Ponsati, Clara; Adamuz; Mercedes - Econometric Society - 2004
We consider a model of bargaining by concessions where agents can terminate negotiations by accepting the settlement of an arbitrator. The impact of pragmatic arbitrators -that enforce concessions that precede their appointment - is compared with that of arbitrators that act on principle -...
Persistent link: https://www.econbiz.de/10005170253
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Country Insurance
Cordella, Tito; Yeyati, Eduardo Levy - Econometric Society - 2004
to undertake reforms. In this paper we treat this intervention more generally as a country insurance contract, and … examine its implications in a stylized set-up. More precisely, we identify the conditions under which the positive insurance … the case for country insurance is stronger for crisis-prone volatile economies, especially so if assistance is made …
Persistent link: https://www.econbiz.de/10005063703
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Debt-Constraints or Incomplete Markets? A Decomposition of the Wealth and Consumption Inequality in the U.S
Cordoba, Juan-Carlos - Econometric Society - 2004
explain U.S. inequality. We introduce full insurance opportunities in a standard model of inequality along the lines of …
Persistent link: https://www.econbiz.de/10005699585