G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w6509
来源IDWorking Paper 6509
The Effect of Offer-of-Settlement Rules on the Terms of Settlement
Lucian Arye Bebchuk; Howard F. Chang
发表日期2000-05-01
出版年2000
语种英语
摘要Under an offer of settlement' rule, a party to a lawsuit may make a special offer to settle with the other party, such that if the other party rejects this offer, then this offer (unlike an ordinary offer) becomes part of the record in the case and may affect the allocation of litigation costs. Specifically, if the parties litigate to judgment, then the allocation of litigation costs may depend on how the judgment compares with the special offer. This paper develops a model of bargaining under offer-of-settlement rules that can be used to analyze the effect that such rules have on the terms of settlement. The analysis first sets forth a general principle that identifies the settlement amount under any such rule. We then apply this principle to derive the settlement terms under the most important of these rules, and we identify a large set of seemingly different rules that produce identical settlements. Our results have both positive and normative implications.
主题Other ; Law and Economics
URLhttps://www.nber.org/papers/w6509
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/565238
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GB/T 7714
Lucian Arye Bebchuk,Howard F. Chang. The Effect of Offer-of-Settlement Rules on the Terms of Settlement. 2000.
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