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India. Yet litigation fails to attract talented law graduates, except those who have a parental/family background in … litigation. Litigation in India is marked by the presence of small and middle-size family-run law firms who employ law graduates … thus discourage new entrants from choosing litigation as a career after college. These barriers, though not entry barriers …
Persistent link: https://www.econbiz.de/10014585290
While it is typically taken for granted that settlement of lawsuits increases social welfare, this paper shows that settlement can lower welfare. If the defendant has private information about the harm from his action both at the time of the action and the time of settlement bargaining, then...
Persistent link: https://www.econbiz.de/10014587496
We study the decision of when to sue in a game in which multiple plaintiffs have similar cases against a single defendant. Two legal regimes are considered. In one, prior results are binding in all future cases. In contrast, under the prevalent asymmetric regime, adverse results are binding...
Persistent link: https://www.econbiz.de/10014589028
).This article emphasizes three significant and troubling legal and economic issues from the historic litigation: (1) the Courts … Amendment to the U.S. Constitution that establishes the Jury as the only fact-finder in civil litigation.In essence Pickett was …
Persistent link: https://www.econbiz.de/10014601290
From marketing and advertising to political campaigning and court proceedings, contending parties expend resources to persuade an audience of the correctness of their view. We examine how the probability of persuading the audience depends on the resources expended by the parties, so that...
Persistent link: https://www.econbiz.de/10010264260
We consider a model of a single defendant and N plaintiffs where the total cost of litigation is fixed on the part of … defendant. Moreover, if litigation is a public good as is the case in shareholder derivative suits, parties may fail to reach a …
Persistent link: https://www.econbiz.de/10010264913
finding, discuss its applicability in war, litigation, and other settings, and test it in a laboratory experiment. We find …
Persistent link: https://www.econbiz.de/10010267048
A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of …
Persistent link: https://www.econbiz.de/10010278038
Defensive dishonesty in criminal investigations has increasingly been prosecuted without standards for identifying harmful deception or other meaningful checks on prosecutorial discretion. Although they are often grouped together statistically and evaluated as comparable crimes, there is a clear...
Persistent link: https://www.econbiz.de/10009471547
This paper is a theoretical analysis of incentive setting via civil litigation, with a focus on incentives for care in …. In most existing research, litigation is modeled in reduced form, as a sort of costly audit, without explicit …
Persistent link: https://www.econbiz.de/10009472579