Abstract

http://ssrn.com/abstract=1971229
 
 

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The Economics of Third-Party Financed Litigation


Keith N. Hylton


William Fairfield Warren Distinguished Professor, Boston University; Professor of Law, Boston University School of Law

December 12, 2011

Boston Univ. School of Law, Law and Economics Research Paper No. 11-57

Abstract:     
This paper examines the law and economics of third-party financed litigation. I explore the conditions under which a system of third-party financiers and litigators can enhance social welfare, and the conditions under which it is likely to reduce social welfare. Among the applications I consider are the sale of legal rights (such as contingent tort claims) to insurers, to patent trolls, and to financiers generally.

Number of Pages in PDF File: 40

Keywords: third-party financed litigation, barretry, torts, litigation and procedure, champerty, private incentive to litigation, social incentive to litigate, economics of litigation, maintenance, subrogation, patent trolls

JEL Classification: K00, K13, K19, K39, K40, K41, K49

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Date posted: December 13, 2011  

Suggested Citation

Hylton, Keith N., The Economics of Third-Party Financed Litigation (December 12, 2011). Boston Univ. School of Law, Law and Economics Research Paper No. 11-57. Available at SSRN: http://ssrn.com/abstract=1971229 or http://dx.doi.org/10.2139/ssrn.1971229

Contact Information

Keith N. Hylton (Contact Author)
William Fairfield Warren Distinguished Professor, Boston University ( email )
595 Commonwealth Avenue
Boston, MA 02215
United States
617-353-8959 (Phone)
Professor of Law, Boston University School of Law ( email )
765 Commonwealth Avenue
Boston, MA 02215
United States
617-353-8959 (Phone)
617-353-3077 (Fax)
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