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Empirical researchers have begun to explore the influence of apologies on litigant decision making. This research has found that the effects of apologies on decision making are complex, but that apologies generally influence claimants' perceptions, judgments, and decisions in ways that are...
Persistent link: https://www.econbiz.de/10014214313
The paper shows that Legal Cost Insurance (LCI) is a device to enhance potential litigants' bargaining position rather than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and the case goes to trial. This shifts the threat...
Persistent link: https://www.econbiz.de/10014165548
Mass torts create a unique scale of harm and liabilities. Corporate tortfeasors are desperate to settle claims but condition settlement upon resolution of substantially all claims at a known price – commonly referred to as a global settlement. Without this, corporate tortfeasors are willing to...
Persistent link: https://www.econbiz.de/10013234267
Games with asymmetric information play a prominent role in the theoretical literature of malpractice disputes. The common modeling framework in many papers is a game in extensive form which consists of two stages. In the first stage, one agent makes a settlement demand, and the other agent...
Persistent link: https://www.econbiz.de/10014199559
Introduction to Strategic Form Games -- Dominance -- Rationalizability -- Nash Equilibrium -- Perfect Equilibrium -- Evolutionary Stable Strategies -- Correlated Equilibrium -- Bayesian Nash Equilibrium -- Introduction to Extensive Form Games -- Subgame Perfect Nash Equilibrium -- Sequential...
Persistent link: https://www.econbiz.de/10015408985
This paper focuses on the link between the group co-operation and the unilateral commitment behaviour of some countries in the presence of global environmental problems. As we consider that this last behaviour occurs when bargaining failed, we call it a precautious commitment. We also show that...
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