This paper analyzes the signaling nature of litigation selection under asymmetric information. For the robustness of the analysis, we separate the litigation selection process, where the signaling from the informed party plays the key role, from the actual settlement where a more general...

This paper studies the signaling role of the litigation/settlement selection under asymmetric information. As an attempt to improve existing asymmetric information theory, we separate litigation/settlement selection process and the actual settlement bargaining process, and adopt an infinitely...

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