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A Price Theory of Legal Bargaining: An Inquiry into the Selection of Settlement and Litigation Under Uncertainty

Rhee, Robert J. - 2006

settlement, a theory flowing from the Coase Theorem. The cost-benefit analysis weighs settlement against the expected value of … litigation net of transaction cost. This calculus yields the normative proposition that settlement is a superior form of dispute … article is a theoretical inquiry into the selection criteria of settlement and trial. It applies principles of financial …

Persistent link: https://www.econbiz.de/10009432053

The Effect of Risk on Legal Valuation

Rhee, Robert J. - 2007

From a financial economic perspective, the governing condition of a meritorious civil action is the uncertainty of outcome. Expectation and outcome deviate, and the spread is the measure of uncertainty (or variance). During litigation each party has an option to settle or select trial. The...

Persistent link: https://www.econbiz.de/10009432058

Forecasting urban highway travel for year 2005

Miaou, Shaw-Pin; Rathi, A.K.; Southworth, F.; Greene, D.L. - 2008

As part of a study aimed at estimating suburban highway needs for year 2005, models were developed for forecasting daily vehicle miles of travel (DVMT) for urban areas and its distribution by highway functional class, urban location, and urban area size. A regression model combining both time...

Persistent link: https://www.econbiz.de/10009435975

The dynamics of iterated transportation simulations

Nagel, K.; Rickert, M.; Simon, P.M. - 2009

Transportation-related decisions of people often depend on what everybody else is doing. For example, decisions about mode choice, route choice, activity scheduling, etc., can depend on congestion, caused by the aggregated behavior of others. From a conceptual viewpoint, this consistency problem...

Persistent link: https://www.econbiz.de/10009436224

Comparison between three different traffic micro-simulations and reality in Dallas

Nagel, K.; Pieck, M.; Simon, P.M.; Rickert, M. - 2009

It is certainly desirable that transportation forecasting models are correct in the sense that the traffic patterns they predict correspond to what would happen in reality under the circumstances assumed in the forecasting model. Unfortunately, it is notoriously difficult to transform the above...

Persistent link: https://www.econbiz.de/10009437082