Edited by Thomas J. Miceli and Matthew J. Baker
Chapter 8: Litigation success functions
Law and economics scholars have traditionally focused more on the reasons for trial than on the trial itself. More recently however, some studies have paid more attention to the legal battle itself. These studies have analyzed the impact of legal rules on the expenditure decisions of the parties at trial and have examined how these effects may change some standard results of the literature. Many of these articles use an explicit function for the probability of a plaintiff victory.
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