In this paper we examine a dynamic model of the process by which multiple related lawsuits may be filed and combined … positive costs of filing a suit. If two plaintiffs file, they join their suits to obtain a lower per-plaintiff trial cost and a … then consider the effect of allowing preemptive settlement offers by the defendant aimed at discouraging follow-on suits …

be a clear winner, the cases that go to trial would likely be the difficult and uncertain ones for which there is greater …

We model the settlement of a legal dispute where the trial outcome depends on the behavior of a strategically motivated …. If the case goes to trial, the judge decides how much effort to exert to learn about the actual damages inflicted on the … higher settlement rate. However, the terms of the settlement heavily favor the informed plaintiff, and consequently induce …

courts to examine the determinants of two salient adjudicatory outcomes: whether a case was resolved via trial or settlement … theory of litigation, we find that trial-based resolution is more likely when the case is complex and less likely when …, plaintiff’s profitability, and, importantly, court identity are robust predictors of plaintiff victory at trial. Thus, more than …

then makes a settlement offer. Overinvestment, or bluff, always prevails in equilibrium: with positive probability …, plaintiffs with weak cases take a chance on investing, and regret it in case of trial. Furthermore, due to the endogenous … investment decision, the probability of trial may (locally) decrease with case strength. Overinvestment generates inefficient …

This article considers the relevance of hypotheses developed in the "law and economics" literature regarding settlement/trial … settlement/litigation decisions in an Ottoman context. …

arbitration. By regulation of the mediator, has become a new authority in resolving a conflict competence including commercial … comparison in this paper the possibilities for settlement of conflicts between partners. The novelty of this work lies in the …

imperfect decision making judges) to the equilibrium results of a trial game without settlement stage. The comparison allows for …The paper compares the Nash bargaining solution of a simple settlement game (with perfect and complete information and … an evaluation of the efficiency of settlement with regard to primary and secondary cost. Das Paper stellt die Nash …

This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first … is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how …-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential …