Abstract

http://ssrn.com/abstract=2224179
 


 



Litigation as Rent-Seeking


Francesco Parisi


University of Minnesota - Law School; University of Bologna

Barbara Luppi


Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics; University of St. Thomas School of Law

February 25, 2013

U of St. Thomas Legal Studies Research Paper No. 13-07
Minnesota Legal Studies Research Paper No. 13-15

Abstract:     
Litigation aims at resolving conflicts. In this chapter we survey the law and economics literature on litigation to illustrate the scope of application of rent-seeking models and their analytical power in the study of law and procedural issues of litigation, including applications in adversarial and inquisitorial procedures, fee-shifting, consolidation and bifurcation of trials and tort liability. We present a unified model of rent-seeking recasting the various perspectives in the literature, to illustrate the power of rent-seeking models in addressing different dimensions of substantive and procedural legal problems.

Number of Pages in PDF File: 21

Keywords: Litigation expenditures, rent-seeking, fee-shifting, bifurcation, evidence and discovery

JEL Classification: B31, D72, K10, K12, K13, K41

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Date posted: February 27, 2013  

Suggested Citation

Parisi, Francesco and Luppi, Barbara, Litigation as Rent-Seeking (February 25, 2013). U of St. Thomas Legal Studies Research Paper No. 13-07; Minnesota Legal Studies Research Paper No. 13-15. Available at SSRN: http://ssrn.com/abstract=2224179 or http://dx.doi.org/10.2139/ssrn.2224179

Contact Information

Francesco Parisi (Contact Author)
University of Minnesota - Law School ( email )
229 19th Avenue South
Minneapolis, MN 55455
United States
University of Bologna ( email )
Piazza Scaravilli 1
40126 Bologna, fc 47100
Italy
Barbara Luppi
Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics ( email )
Viale Berengario 51
41100 Modena, Modena 41100
Italy
University of St. Thomas School of Law
2115 Summit Avenue
Saint Paul, MN 55105
United States
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