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Trial Selection Theory and Evidence: A ReviewKeith N. HyltonBoston University Haizhen LinIndiana University May 20, 2009 ENCYCLOPEDIA OF LAW AND ECONOMICS: PROCEDURAL LAW AND ECONOMICS, Chris Sanchirico, ed., Vol. X, Edward Elgar Publishing Boston Univ. School of Law Working Paper No. 09-27 Abstract: Trial selection theory consists of models that attempt to explain or predict the characteristics that distinguish cases that are litigated to judgment from those that settle, and the implications of those characteristics for the development of legal doctrine and for important trial outcome parameters, such as the plaintiff win rate. This paper presents a review of trial selection theory and evidence. We start with a review of the literature, and then present a model that includes Priest-Klein and asymmetric information theories as special cases. We conclude with a review of the empirical evidence.
Number of Pages in PDF File: 28 Keywords: trial selection theory, trial outcome, plaintiff win rate, Priest-Klein model, Landes-Posner-Gould settlement model Accepted Paper SeriesDate posted: May 20, 2009 ; Last revised: November 9, 2009Suggested Citation |
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