Author:
Main Brian G.M.,Park Andrew
Abstract
Defendant offers into court is common procedural device aimed at increasing the probability that pre‐trial negotiations will lead to out of court settlement. Both in the UK following the Woolf Report and the Cullen Report and in the USA, the idea of extending the arrangement to plaintiff offers into court has been suggested. This paper presents an extension of the theoretical work by Chung on defendant offers into court under the US rule to cover the English rule and to extend to two‐way offers into court. It also reports on experiments conducted to measure the effect of moving to two‐way offers into court. The results suggest no impact on the propensity to settle and a statistically significant but empirically modest movement of settlement in favour of the plaintiff.
Subject
General Economics, Econometrics and Finance
Reference28 articles.
1. Anderson, D.A. (1994), “Improving settlement devices: Rule 68 and beyond”, Journal of Legal Studies, Vol. 23, pp. 225–46.
2. Anderson, D.A. (1996), Dispute Resolution: Bridging the Settlement Gap, JAI Press, Greenwich, CT.
3. Bebchuk, L.A. (1984), “Litigation and settlement under imperfect information”, Rand Journal of Economics, Vol. 15 No. 3, pp. 404–15.
4. Bowles, R. (1987), “Settlement range and cost allocation rules: a comment on Avery Katz's ‘Measuring the demand for litigation: is the English rule really cheaper?’”, Journal of Law, Economics, and Organization, Vol. 3 No. 2, pp. 177–84.
5. Chung, T.‐Y. (1996), “Settlement of litigation under Rule 68: an economic analysis”, Journal of Legal Studies, Vol. 25, pp. 261–86.
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献
1. A Suggested Approach;Access to Justice;2014