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In this brief Article, I explore the growing empirical evidence in support of the public choice model of judicial decision making. Although legal scholars have traditionally been reluctant to engage in a critical inquiry into the role of judicial self-interest on judicial behavior, recent...
Persistent link: https://www.econbiz.de/10014178620
The economic models of bargaining and tort law have not been integrated into a coherent theory that reflects the … empirical world. This Article models the interaction of settlement dynamics and the theory of negligence. It shows that tort …
Persistent link: https://www.econbiz.de/10014052425
Despite the Supreme Court's 2005 decision in United States v. Booker, which enhanced the power of district court judges to sentence defendants below the range prescribed by the federal sentencing guidelines, the great majority of federal sentences continue to follow the guidelines'...
Persistent link: https://www.econbiz.de/10014214488
In the civil justice system, judges engage in case management and settlement promotion more than they do in trial and judgment. Despite the importance of judges’ role in settlement, its empirical depiction and jurisprudential theorization are lacking. This gap likely results from a key...
Persistent link: https://www.econbiz.de/10014115798
Should the party who loses in litigation be forced to pay the legal fees of the winner? This paper surveys the economic literature regarding the effects of legal fee shifting on a variety of decisions arising before and during the litigation process. Section 2 provides a brief survey of the...
Persistent link: https://www.econbiz.de/10013135735
In this paper we consider the effects of legal-expenses insurance on settlement. Using a one-shot asymmetric information model of litigation, we scrutinize the litigants' interactions under the situations that the plaintiff is before-the-event insured, after-the-event insured or self-funded. We...
Persistent link: https://www.econbiz.de/10013136850
This paper examines the law and economics of third-party financed litigation. I explore the conditions under which a system of third-party financiers and litigators can enhance social welfare, and the conditions under which it is likely to reduce social welfare. Among the applications I consider...
Persistent link: https://www.econbiz.de/10013117592
This article argues that the enforcement in England in Re New Cap Reinsurance Corporation of an Australian monetary judgment rendered under Australian insolvency law does not sit easily with the Foreign Judgments (Reciprocal Enforcement) Act 1933. This is because the Foreign Judgments...
Persistent link: https://www.econbiz.de/10013124820
This essay on the class action will be a chapter in the Procedural Law and Economics volume forthcoming from Edward Elgar. It reviews the law-and-economics literature on the class action, current as of 2008 (when I wrote the chapter). It discusses the benefits of large claim and small claim...
Persistent link: https://www.econbiz.de/10013125038
adjudication and why a nonparty can be bound on a representation theory. The result is normative confusion and doctrinal muddle … when outcome quality is the only goal and as a result it is possible within an outcome-based theory to justify a body of …
Persistent link: https://www.econbiz.de/10013125040