study how the timing of settlement is shaped by the stages and features of the litigation process. Using competing risk …

We consider a model of a single defendant and N plaintiffs where the total cost of litigation is fixed on the part of … defendant. Moreover, if litigation is a public good as is the case in shareholder derivative suits, parties may fail to reach a …

exist any verifiable performance signal. It is shown that ex-post litigation can restore incentives of the agent. Moreover …, when the litigation can be settled by the parties the pure threat of using the legal system may suffice to make the … situations where the agent is protected by limited liability, where the parties have different technologies in the litigation …

lawfulness are ascertained in a final court ruling at trial—is an important litigation instrument in many areas of the law …

information model of litigation, we scrutinize the litigants' interactions under the situations that the plaintiff is before …

We consider a model of a single defendant and N plaintiffs where the total cost of litigation is fixed on the part of … defendant. Moreover, if litigation is a public good as is the case in shareholder derivative suits, parties may fail to reach a …

This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under … the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and … settlement requests are higher for more spiteful participants. The relative increase in litigation expenditures due to spite is …

Settlements are often considered to be welfare-enhancing because they save time and litigation costs. In the presence … which will not occur if a dispute is settled out of court. Focusing on private litigation, we examine the impact of court … offset the positive externality of litigation. …

to raise a lawsuit in case of an impasse. We find that greater variance in court outcomes increases the litigation rate …