Showing 1 - 10 of 20
Many injurers now offer to buy out victims' property to reduce harm. This pa- per examines the e¢ ciency of buyouts negotiated in the shadow of regulation and liability rules which require injurers to take e¢ cient precautions. It shows that if the social bene?t from precautions is increasing...
Persistent link: https://www.econbiz.de/10010857513
This paper analyzes rights of first refusal and rights of first offer in a multiple-buyer, sequential bargaining setting. A right of first refusal entitles the right-holder to purchase a subject asset on the same terms as those accepted by a third party. A right of first offer requires a seller...
Persistent link: https://www.econbiz.de/10010812172
Conventional wisdom suggests that under contingent fee contracts, attorneys have an excessive incentive to settle the case; therefore, a plaintiff should retain the authority over settlement decisions. We show, by contrast, that when the plaintiff possesses private information about the outcome...
Persistent link: https://www.econbiz.de/10005046353
Persistent link: https://www.econbiz.de/10005412005
This article shows that innocent suspects benefit from exercising their right to silence during criminal proceedings. We present a model in which a criminal suspect can either make a statement or remain silent during police interrogation. At trial, the jury observes informative but imperfect...
Persistent link: https://www.econbiz.de/10008681837
With contributions from some of the leading scholars in law and economics, this comprehensive book summarizes the state of economic research on litigation, procedure and evidence.
Persistent link: https://www.econbiz.de/10011177805
Injurers often purchase the property of potential victims to avoid liability or to comply with regulations. This paper shows that injurers subject to cost–benefit standards could profit from buying out victims even if they attach no value to the victims' property. Because buyouts allow...
Persistent link: https://www.econbiz.de/10011056184
This book discusses state regulation and antitrust exemption in insurance markets.
Persistent link: https://www.econbiz.de/10010949284
This book discusses state regulation and antitrust exemption in insurance markets.
Persistent link: https://www.econbiz.de/10010842214
Persistent link: https://www.econbiz.de/10010724102