Pretrial negotiations under optimism.
We develop a tractable and versatile model of pretrial negotiation in which the negotiating parties are optimistic about the judge's decision and anticipate the possible arrival of public information about the case prior to the trial date. The parties will settle immediately upon the arrival of info...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 50; no. 2; pp. 359 - 391 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Summer2019
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=136090132&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 136090132 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Summer2019 vid: 50 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 136090132 10.1111/1756-2171.12273 ppf: 359 ppct: 32 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 720KB tig: atl: Pretrial negotiations under optimism. aug: au: Vasserman, Shoshana Yildiz, Muhamet affil: Harvard University Massachusetts Institute of Technology su: Legal settlement Trials (Law) Legal judgments Pre-trial procedure Contract negotiations sug: subj: Legal settlement Trials (Law) Legal judgments Pre-trial procedure Contract negotiations ab: We develop a tractable and versatile model of pretrial negotiation in which the negotiating parties are optimistic about the judge's decision and anticipate the possible arrival of public information about the case prior to the trial date. The parties will settle immediately upon the arrival of information. However, they may also agree to settle prior to an arrival. We derive the settlement dynamics prior to an arrival: negotiations result in either immediate agreement, a weak deadline effect—settling at a particular date before the deadline, a strong deadline effect—settling at the deadline, or impasse, depending on the level of optimism. Our findings match stylized facts. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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