Bebchuk, Lucian Arye; Chang, Howard F - In: The Journal of Legal Studies 28 (1999) 2, pp. 489-513
Under an "offer-of-settlement" rule, a party to a lawsuit may make a special offer to settle with the other party, such that if the other party rejects this offer, then this offer becomes part of the record in the case and may affect the allocation of litigation costs. Specifically, if the...