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A Note on Optimal Public Enforcement with Settlements and Litigation Costs
Polinsky, A. Mitchell - 1986
This note reexamines the theory of optimal public enforcement when litigation costs are incurred if the defendant is prosecuted at trial, and when an out-of-court settlement is possible. Using a numerical example, it is shown that settlements and litigation costs can substantially alter the...
Persistent link: https://www.econbiz.de/10012476955
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The Welfare Implications of Costly Litigation in the Theory of Liability
Polinsky, A. Mitchell - 1986
One of the principal results in the economic theory of liability is that, assuming litigation is costless, the rule of … strict liability with compensatory damages leads the injurer to choose the socially appropriate level of care. This paper … reexamines this result when litigation is costly. It is shown that strict liability with compensatory damages generally leads to …
Persistent link: https://www.econbiz.de/10012477242
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The Litigious Plaintiff Hypothesis : Case Selection and Resolution
Eisenberg, Theodore - 1996
A central feature of the litigation process that affects case outcomes is the selection of cases for litigation. In this study, we present a theoretical framework for understanding the operation of this suit selection process and its relationship to the underlying distribution of potential...
Persistent link: https://www.econbiz.de/10012473193
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Decoupling Liability : Optimal Incentives for Care and Litigation
Polinsky, A. Mitchell - 1991
A "decoupled" liability system is one in which the award to the plaintiff differs from the payment by the defendant …
Persistent link: https://www.econbiz.de/10012475381
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Medical Malpractice : An Empirical Examination of the Litigation Process
Farber, Henry S. - 1990
quality of medical care is an extremely important determinant of deferdants' medical malpractice liability. More generally, we …
Persistent link: https://www.econbiz.de/10012475602
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Trial and Settlement : A Study of High-Low Agreements
Prescott, J.J. - 2014
This paper presents the first systematic theoretical and empirical study of high-low agreements in civil litigation. A high-low agreement is a private contract that, if signed by litigants before the conclusion of a trial, constrains any plaintiff recovery to a specified range. Whereas existing...
Persistent link: https://www.econbiz.de/10012458716
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The evolution of retirement : an American economic history, 1880 - 1990
Costa, Dora L. - 1998
Persistent link: https://www.econbiz.de/10000633426
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A brief history of education in the United States
Goldin, Claudia (contributor) - 1999 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001511998
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A prelude to the welfare state : the origins of workers' compensation
Fishback, Price Van Meter; Kantor, Shawn Everett - 2000
Persistent link: https://www.econbiz.de/10001390799
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Emerging Financial Markets and Early U.S. Growth
Rousseau, Peter L. - 1999
Studies of early U.S. growth traditionally have emphasized real-sector explanations for an acceleration that by many accounts became detectable between 1815 and 1840. Interestingly, the establishment of the nation's basic financial structure predated by three decades the canals, railroads, and...
Persistent link: https://www.econbiz.de/10012471335