This article translates and extends Becker (1968) from public law enforcement to private litigation by examining …

We formally analyze the effects of legal presumptions in patent litigation. We set up a novel contest model to study … litigation outcomes, judgement errors, and resource dissipation under three alternative presumption criteria: a presumption that …

contracting decreases the settlement rate and increases the volume and costs of litigation. These contingent contracts mimic the … services provided by third-party investors, including litigation funders and insurance companies. The two litigants (weakly … costs of litigation, and may increase the aggregate cost of risk bearing. In this sense, third-party involvement in …