In litigation: how far do the haves come out ahead?

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<P> 92247.pdf (317.24 KB, 需要: 3 个论坛币)

2007-2-21 10:01:00 上传

In litigation: how far do the haves come out ahead?
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<P>This paper studies the consequences of asymmetric litigation costs. Under three different protocols: static legal process, dynamic legal process with exogenous sequencing and dynamic legal process with endogenous sequencing, solutions are obtained for the litigation e®orts and the expected value of lawsuits on each side. Outcomes are evaluated in terms of two normative criteria: achieving `justice' and minimizing aggregate litigation cost. The theory implies that a moderate degree of asymmetry may improve access to justice. The dynamics of legal process may accentuate or diminish the e®ect of asymmetry. The endogenous sequencing protocol minimizes cost and may improve access to justice.</P>

[此贴子已经被作者于2007-3-2 4:59:08编辑过]

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关键词：litigation Ahead ATION haves Come different criteria expected lawsuits obtained