Transparency for Civil Settlements: NASDAQ for Lawsuits?
Stephen C. Yeazell
University of California, Los Angeles (UCLA) - School of Law
July 16, 2008
Transparency in Litigation, UCLA-Rand, Forthcoming
UCLA School of Law, Law-Econ Research Paper No. 08-15
Settlements of civil lawsuits constitute a large market whose functioning affects economic and social life. At present this market operates with poor pricing information - far less than is available in any comparably important market in the United States. After describing why we lack good pricing information for civil settlements and the existence of much better information in comparable markets, the article goes on to describe a mechanism that would make reliable settlement prices widely available with minimum disruption to existing practices.
Number of Pages in PDF File: 28
Date posted: July 24, 2008 ; Last revised: September 28, 2008