Transparency for Civil Settlements: NASDAQ for Lawsuits?
Transparency in Litigation, UCLA-Rand, Forthcoming
28 Pages Posted: 24 Jul 2008 Last revised: 28 Sep 2008
Date Written: July 16, 2008
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.
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