Litigation and Settlement: An Empirical Approach
Litigation and Settlement: An Empirical Approach
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诉讼与和解:实证方法
DOI:
10.2307/1926963
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发表时间:
1989
期刊:
影响因子:
--
通讯作者:
T. Zuehlke
中科院分区:
文献类型:
--
作者:
G. Fournier;T. Zuehlke
Litigants in civil lawsuits involving monetary damages often find an out-of-court settlement preferable to a trial. Most theoretical models of settlement choice employ an expected-utility-maximizing framework that emphasizes the importance of risk preferences, litigation costs, and the distribution of trial awards. An empirical model of settlement choice is used to examine whether the variables prominent in the theoretical literature are statistically useful in explaining the occurrence and monetary value of settlements. Estimates from a sample of civil filings provide new empirical evidence of how the legal system affects the behavior of litigants during the settlement process. Copyright 1989 by MIT Press.