Andrew F. Daughety () (Department of Economics and Law School, Vanderbilt University) Jennifer F. Reinganum () (Department of Economics and Law School, Vanderbilt University)
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We briefly review two basic models of settlement bargaining based on concepts from information economics and game theory. We then discuss how these models have been generalized to address issues that arise when there are more than two litigants with related cases. Linkages between cases can arise due to exogenous factors such as correlated culpability or damages, or they can be generated by discretionary choices on the part of the litigants themselves or by legal doctrine and rules of procedure.
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Paper provided by Department of Economics, Vanderbilt University in its series Working Papers with number
0508.
Find related papers by JEL classification: K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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