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 …

threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in …

threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in …

liability with the defense of contributory negligence are efficient, the rules of no liability and strict liability are not …In the law and economics literature the question of efficiency of liability rules has primarily been analyzed in the … priori certain. The main conclusion that has emerged is that while various negligence rules as well as the rule of strict …

This paper analyzes the meaning of comparing the economic performance of strict liability and negligence rule in a … injurers form beliefs. It shows first that, when the Court agrees with the regulator, whatever the liability regime, the first …, judge and regulator disagree, it is impossible to discriminate among liability standards because the issue depends on the …