Showing 1 - 10 of 25
We examine the relationship between product liability litigation and innovation by systematically combining data on product liability lawsuits with data on new product introductions in a panel dataset of leading medical device firms. We first document a decline in the propensity to introduce new...
Persistent link: https://www.econbiz.de/10014512069
The myriad uncertainties common to the process of adjudication--concerning evidence that opposing parties will present … continuances. Inability to present evidence for want of time will be directly remedied by the giving of continuances; and wasted …
Persistent link: https://www.econbiz.de/10014248002
In this article I first describe the basic principles that parents employ in disciplining their children. The description is based on a survey of parents, the major results of which are that parental sanctions are premised on wrongdoing--not on the mere causation of harm; that parental sanctions...
Persistent link: https://www.econbiz.de/10014248008
When AI prediction substantially resolves trial uncertainty, a party purchasing AI prediction will disclose it if it is in their favour and not otherwise, signalling the outcome to the other party. Thus, the trial outcome becomes common knowledge. However, this implies that the parties will...
Persistent link: https://www.econbiz.de/10014635648
in the arbitration decisions, this evidence of mechanical compromise behavior should be viewed as characterizing the … about the extent to which conventional arbitration decisions are fashioned as mechanical compromises of the parties' final … clear : conventional arbitrators tend to split-the-difference between the parties' final offers with virtually no evidence …
Persistent link: https://www.econbiz.de/10012477235
sets are remarkably consistent and provide no robust evidence that the presence of arbitration statues has a consistent …In this paper we provide an empirical evaluation of the effect that the provision of an arbitration statute has on the … wage levels of police officers. We analyze the effect of arbitration on wages by comparing wage levels across political …
Persistent link: https://www.econbiz.de/10012471490
Congress may soon restrict joint and several liability for cleanup of contaminated sites under Superfund. We explore whether this change would discourage settlements and is therefore likely to increase the program's already high litigation costs. Recent theoretical research by Kornhauser and...
Persistent link: https://www.econbiz.de/10012471702
The emerging empirical literature on the economics of arbitration has focused primarily on the behavior of arbitrators … under alternative forms of arbitration. This article suggests that it is natural for empirical economists to now expand … behavior are discussed: (1) the decision to settle a dispute voluntarily or to proceed to arbitration; (2) the strategy for …
Persistent link: https://www.econbiz.de/10012476858
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
This paper analyses data on union and employer rankings of different panels of arbitrators in an actual arbitration … strategically, reveal no evidence of strategic behavior …
Persistent link: https://www.econbiz.de/10012477134