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Liability Rules and Pretrial Settlement

Banks, Jeffrey S. (1986) Liability Rules and Pretrial Settlement. Social Science Working Paper, 608. California Institute of Technology , Pasadena, CA. (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20170913-141634119

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Abstract

The effect of different liability rules on the pretrial behavior of litigants to a civil suit is analyzed. The interaction is modeled as a game of incomplete information, where both the plaintiff and the defendant know whether or not they were negligent in actions leading to the accident. Selection criteria are used to refine the set of sequential equilibria of the game.


Item Type:Report or Paper (Discussion Paper)
Additional Information:I would like to thank participants in the Caltech Theory Workshop for helpful comments and suggestions.
Group:Social Science Working Papers
Series Name:Social Science Working Paper
Issue or Number:608
Record Number:CaltechAUTHORS:20170913-141634119
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20170913-141634119
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:81420
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:15 Sep 2017 18:15
Last Modified:03 Oct 2019 18:42

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