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litigation process. We begin with a review of studies of aggregate empirical trends and the important issues involving contracts …
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, plaintiffs are more willing to accept lower settlement offers and therefore, the firm's expected litigation loss is lowered under … this statute. It is important to note, however, that the reduction in the firm's expected litigation loss will affect its … a strategic model of litigation under asymmetric information to investigate the effect of the split-award reform on the …
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We experimentally study the effects of the split-award tort reform, where the state takes a share of the plaintiff's punitive damage award, on litigants' beliefs and bargaining outcomes. In addition, we study the formation of litigants' beliefs in a strategic environment. Our results provide...
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Since January 1, 2005, the Dutch tax litigation comprises an appeals court. Before 2005, it had but one court of …
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