The Selection of Thirteenth-Century Disputes for Litigation
Daniel M. Klerman
USC Gould School of Law
July 12, 2011
9 Journal of Empirical Legal Studies 320-46 (2012)
USC Law School, Olin Research Paper No. 00-10
Priest and Klein's seminal 1984 article argued that litigated cases differ systematically and predictably from settled cases. This article tests the Priest-Klein selection model using a data set of thirteenth-century English cases. These cases are especially informative because juries rendered verdicts even in settled cases, so one can directly compare verdicts in settled and litigated cases. The results are consistent with the predictions of the Priest-Klein article, as well as with the asymmetric-information selection models developed by Hylton and Shavell.
Number of Pages in PDF File: 58
Keywords: litigation, settlement, selection
JEL Classification: K41Accepted Paper Series
Date posted: July 12, 2011 ; Last revised: December 19, 2014
© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.281 seconds