Justice in immigration
In: Cambridge studies in philosophy and law
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In: Cambridge studies in philosophy and law
In: Population and development review, Band 22, Heft 3, S. 585
ISSN: 1728-4457
In: The Rand journal of economics, Band 40, Heft 4, S. 636-657
ISSN: 1756-2171
We introduce discovery into a model of settlement and negative expected value (NEV) suits under asymmetric information. The option to conduct discovery has several important effects. First, because discovery is cheaper than litigation, it reduces the defendant's incentive to settle under asymmetric information. Second, discovery must be credible. Because discovery is more valuable the greater the uncertainty it resolves, this introduces a credibility constraint on pre‐discovery settlement offers. This can further reduce the probability and size of a defendant's pre‐discovery settlement offer. Lastly, discovery reduces the ability of NEV plaintiffs to use asymmetric information to extract significant settlements from defendants.
In: International review of law and economics, Band 16, Heft 1, S. 27-51
ISSN: 0144-8188
In: International review of law and economics, Band 6, Heft 1, S. 17-32
ISSN: 0144-8188