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and deters parties from settling disputes out of court. In contrast, the law is certain ex post: litigation fosters the … of a legal system (kept under control by litigation) and its litigation rate (sustained by uncertainty). We describe such … equilibrium rates in a model of tort litigation, study how they are affected by different policies, and compare the costs and …
Persistent link: https://www.econbiz.de/10011349216
The appellate review system is intended to serve as an efficient remedy for imperfect judicial decision making. However, it can fulfill this task only when appeals are filed solely due to bad verdicts and are ex-ante unpredictable based on factors that are exogenous to the judge. Using data from...
Persistent link: https://www.econbiz.de/10010489300
confine their legislation to the narrowest limits in the closest of cases. To the extent that my argument is successful in … diminishing the judicial legislation position, it would tend to serve to corroborate Dworkin’s rights thesis …
Persistent link: https://www.econbiz.de/10014189173
This article argues that the enforcement in England in Re New Cap Reinsurance Corporation of an Australian monetary judgment rendered under Australian insolvency law does not sit easily with the Foreign Judgments (Reciprocal Enforcement) Act 1933. This is because the Foreign Judgments...
Persistent link: https://www.econbiz.de/10013124820
Courts assessing compensatory damages awards often lack adequate information to determine the value of a victim's loss. A central reason for this problem, which the literature has thus far overlooked, is that courts face a dilemma when applying their standard information-forcing tool to the...
Persistent link: https://www.econbiz.de/10012935655
litigation choices during divorce as emotional, even irrational, actors. This assumption requires different responses when …
Persistent link: https://www.econbiz.de/10012771951
Overcriminalization takes many forms and impacts the American criminal justice system in varying ways. This article focuses on a select portion of this phenomenon by examining two types of overcriminalization prevalent in white collar criminal law. The first type of over criminalization...
Persistent link: https://www.econbiz.de/10013051923
Entrepreneurial litigation is litigation in which the plaintiff's attorney functions as a risk-taking entrepreneur …, financing, organizing, managing, and settling the litigation on behalf of numerous clients (who generally hold “negative value … with respect to legal fees. Yet, despite these obstacles, entrepreneurial litigation appears now to be coming to both …
Persistent link: https://www.econbiz.de/10012967715
This Article is the first comprehensive study of how American courts have resolved conflicts of laws arising from cross-border torts over the last four decades. This period coincides with the confluence of two independent forces: (1) a dramatic increase in the frequency and complexity of...
Persistent link: https://www.econbiz.de/10014211298
determine the litigation strategies of present and future parties in conflict; and 4) the parties in conflict can contract … partially correct an inefficient frequency of litigation; 3) there always exists a distribution of the litigation expenses … of shareholders' litigation: adding ambiguity to the law or using public prosecutors such as the N.Y.A.G.'s office or …
Persistent link: https://www.econbiz.de/10014055935