. Fourth, we treat the subject of civil litigation, that is, the bringing of lawsuits, and their settlement or disposition at … additional topics relating to litigation. Fifth, we consider public enforcement of law, focusing on the level of law enforcement …

The theory of insurance is considered here when an insured individual may be able to sue another party for the losses … feature of optimal insurance contracts because they relieve litigation-related risks and result in lower premiums — financed … by the litigation income of insurers. This income includes earnings from suits that insureds would not otherwise have …

, this principle is not correct when account is taken of litigation costs, because they too are part of the social costs … associated with an injury. In this article we examine the influence of litigation costs on the optimal level of damages, assuming … that litigation costs rise with the level of damages …

of five primary fields of law: property law; liability for accidents; contract law; litigation; and public enforcement …