This special issue provides several perspectives on the potential and limits of judicial risk regulation as a mechanism …

settlement, a theory flowing from the Coase Theorem. The cost-benefit analysis weighs settlement against the expected value of … economics to construct a pricing theory of legal disputes. In addition to probability and transaction cost, dispute risk must …

nearly every facet of the economy, and as such regulation has motivated a substantial body of academic research. Law and … economics research on regulation has, first, demonstrated the normative justification for governmental intervention in the … marketplace based on the concept of market failure. Second, political economy research on regulation has shown how, as a positive …