Although an overwhelming proportion of all legal disputes end in settlement, the determinants of the timing of … settlement remain empirically underexplored. We draw on a novel dataset on the duration of commercial disputes in Slovenia to … study how the timing of settlement is shaped by the stages and features of the litigation process. Using competing risk …

-it-or-leave-it settlement offers, we can show that they will actually be exploited by one of their fellow plaintiffs rather than by the … settlement even having complete information. This may explain why we observe derivative suits in the US but not in Europe. …

Target is a real time gross settlement (RTGS) large value payment network operated by European central banks that … eliminates systemic risk. Euro1 is a privately operated delayed net settlement (DNS) network that reduces substantially systemic …

We investigate the role of settlement in a dynamic model of a payment system where the ability of participants to … perform certain welfare-improving transactions is subject to random and unobservable shocks. In the absence of settlement, the … supportable if settlement is introduced. This, however, requires that settlement takes place with a sufficiently high frequency. …

In the context of securities clearing and settlement systems, the nature of governance arrangements acquires a … light of the analysis of this paper, and pending a further evolution in the regulation of securities clearing and settlement … jurisdiction, securities clearing and settlement systems should adopt and ensure effective implementation of the highest corporate …

settlement versus trial judgment. Exploiting the de facto random assignment of cases to serving judges within the court …'s chambers, we further find that judge characteristics matter for time to trial judgment, but not for time to settlement …