Analytical Methods - Folge 12: Law and Economics IV
Update: 2019-04-19
Description
Law and Economics IV - Dispute resolution and legal practice; Economic perspective on litigation; Corrective policies; Settle or litigate?; The English rule; The American rule; The zone of possible agreement; Effects of risk aversion; Prisoner's dilemma in litigation; The rationality assumption; Optimistic overconfidence; A hypothetical value function; Other challenges to the rationality assumption; Alternative dispute resolution; Methods of alternative dispute resolution; Dispute resolution clauses; Private and public effects of ADR; Settlement statistics.
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