Indemnisation des préjudices et fréquence des procès en présence d'une asymétrie d'informaion sur l'aversion au risque des parties
[Compensation of damages and frequency of trials with asymmetric information on preferences of litigant parties]
AbstractThe paper addresses the issue of the impact of asymmetric information on risk aversion of litigant parties in a model à la Bebchuk. First we study the case where the plaintif is the informed party, and characterize the equilibrium with and without a pretrial negociation round. Then, we focuse on the comparative statics of the model and analyse the role of the choice of a cost allocation rule. Finally, we discuss several extensions: the case where the defendant is the informed party, the influence of the assumption on the representation of preferences, and the role of self-serving bias.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 1150.
Date of creation: Oct 2005
Date of revision: 06 Nov 2006
litigation; asymmetric information on preferences; self-serving bias;
Other versions of this item:
- Éric Langlais, 2008. "Indemnisation des préjudices et fréquence des procès en présence d'une asymétrie d'information sur l'aversion au risque des parties," Recherches économiques de Louvain, De Boeck Université, vol. 74(2), pages 191-218.
- Eric LANGLAIS, 2008. "Indemnisation des préjudices et fréquence des procès en présence d’une asymétrie d’information sur l’aversion au risque des parties," Discussion Papers (REL - Recherches Economiques de Louvain) 2008024, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
- K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process
- K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics
- K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
- K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
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