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Autor:
Yoon-Ho Alex Lee, Daniel M. Klerman
Publikováno v:
International Review of Law and Economics. 48:59-76
Priest and Klein’s 1984 article, “The Selection of Disputes for Litigation,” famously hypothesized a “tendency toward 50 percent plaintiff victories” among litigated cases. Despite the article’s enduring influence, its results have never
Publikováno v:
American Law and Economics Review.
This article explores the selection of disputes for litigation in a setting with two-sided incomplete information and correlated signals. The models analyzed here suggest that Priest and Klein’s conclusion that close cases are more likely to go to