(which, together, we call a mechanism) that minimize the rate of litigation subject to maintaining deterrence. Two main … maintaining deterrence. This upper bound is shown to be independent of the litigants' litigation cost. It is shown that any … mechanism that attains this bound must employ the English fee-shifting rule (according to which all litigation costs are shifted …

We solve for the settlement mechanism and fee-shifting rule that minimize the likelihood of litigation yet maintain … all litigation costs to the loser in trial (following the English fee-shifting rule). Using a mechanism design approach we … demonstrate that no other mechanism can implement a lower rate of litigation without undermining deterrence. We discuss our result …

existing arrangements provide valuable lessons for the appropriate regulatory approach to third-party financing of litigation …

litigation outcomes. Based on 171 PPP litigation cases from China Judgements Online within 2013-2018, the research identified 17 … legal factors and explained how these factors influence the litigation outcomes, which are named as “prediction approach” in … terminating the contract unilaterally. To some extent, if parties consider the case litigation outcome, they are more likely …

litigation process. We begin with a review of studies of aggregate empirical trends and the important issues involving contracts …