The Economics of Civil Procedure

Posted: 11 Nov 2015

See all articles by Daniel M. Klerman

Daniel M. Klerman

University of Southern California Gould School of Law

Multiple version iconThere are 2 versions of this paper

Date Written: November 2015

Abstract

The economic analysis of procedure reduces most issues to direct costs and error costs. Direct costs are ordinary litigation costs. Error costs are the reduction in deterrence and the increase in chilling that result from inaccurate adjudication. The goal of procedure is the minimization of the sum of direct and error costs. This framework has been applied to many procedural issues, and this survey focuses on three: dispositive motions (motions to dismiss and summary judgment), discovery, and jurisdiction. Economic analysis has yielded significant insights in these areas, but important questions remain for future researchers. Because theory is often indeterminate, this survey discusses empirical as well as theoretical work, although, unfortunately, empirical work has focused on direct costs and has largely neglected error costs.

Suggested Citation

Klerman, Daniel M., The Economics of Civil Procedure (November 2015). Annual Review of Law and Social Science, Vol. 11, pp. 353-371, 2015. Available at SSRN: https://ssrn.com/abstract=2688979 or http://dx.doi.org/10.1146/annurev-lawsocsci-110413-030905

Daniel M. Klerman (Contact Author)

University of Southern California Gould School of Law ( email )

699 Exposition Boulevard
Los Angeles, CA 90089
United States
213-740-7973 (Phone)
213-740-5502 (Fax)

HOME PAGE: http://weblaw.usc.edu/contact/contactInfo.cfm?detailID=227

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
294
PlumX Metrics