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We study the possibility of peace when two countries fight a war over the ownership of a resource. War is always the outcome of the game played by rational countries – under complete or asymmetric information – when there is no pre-established distribution of the resource among countries....
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litigation. Copyright Springer Science+Business Media, LLC 2012 …
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We propose a novel explanation for how pre-trial mediation might increase the likelihood of settlement. The mediator … reveal information and increases settlement rates. We then compare total dispute resolution costs without mediation, with …
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for private firms, may result in excessive litigation over contract terms. This result is possible because we assume that … parties in litigation can influence (by purchasing better or more legal services) the observable merits of their case. In weak … institutional settings, governments have an inherent disadvantage in these litigation contests. We show that a commitment to a …
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This paper considers and compares two different legal means -- full liability and standard – to reduce and to regulate pollution at a local level accounting for private information about benefits and costs. The familiar polluter pays principle makes the polluter liable for any damage. Since...
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