study how the timing of settlement is shaped by the stages and features of the litigation process. Using competing risk …Although an overwhelming proportion of all legal disputes end in settlement, the determinants of the timing of … settlement remain empirically underexplored. We draw on a novel dataset on the duration of commercial disputes in Slovenia to …

This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under … settlement requests are higher for more spiteful participants. The relative increase in litigation expenditures due to spite is … the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and …

that hardly explains the many features of an insurance contract. We extend this setup to include the situation that the … show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of …

We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals' demand for insurance coverage. In turn, this affects equilibria in various insurance models of …

Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …

We examine settings - such as litigation, labor relations, or arming and war - in which players first make non …

settlement versus trial judgment. Exploiting the de facto random assignment of cases to serving judges within the court …'s chambers, we further find that judge characteristics matter for time to trial judgment, but not for time to settlement …

courts to examine the determinants of two salient adjudicatory outcomes: whether a case was resolved via trial or settlement … theory of litigation, we find that trial-based resolution is more likely when the case is complex and less likely when …

This paper estimates a reduced-form model to assess the credit risk of General Insurance (GI) non-life firms in the UK … insurance firms. The implications of these findings for regulators of GI firms under the coming Solvency II are discussed. …