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pressures lead to (a) an increase in the number and proportion of convictions from jury trials and (b) a decrease in the average … sanction obtained in both jury trials and pleas. Our empirical findings are consistent with our theoretical predictions …
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The purpose of this chapter is to survey the academic literature on the economics of litigation and to synthesize its main themes. The chapter begins by introducing the basic economic framework for studying litigation and out-of-court settlement. One set of issues addressed is positive (or...
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