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Estimating the Effects of the English Rule on Litigation Outcomes

Title
Estimating the Effects of the English Rule on Litigation Outcomes
Author
윤정모
Keywords
PARTIALLY IDENTIFIED PARAMETERS; CONFIDENCE-INTERVALS
Issue Date
2017-10
Publisher
MIT PRESS
Citation
REVIEW OF ECONOMICS AND STATISTICS, v. 99, no. 4, page. 678-682
Abstract
The English rule prescribes that the loser of a lawsuit pays the winner's litigation costs. Previous research on the English rule finds that plaintiffs win more often at trial, receive higher awards, and receive larger settlements. Theory predicts that the English rule discourages settlement by raising the threshold payment necessary for settlement. In this paper, we reexamine the Florida experiment with the English rule by placing bounds on the selection effects. We find that the mean and median settlement amount increases. Collectively these findings are consistent with the predictions of the simplest models of the English rule's impact.
URI
https://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00653https://repository.hanyang.ac.kr/handle/20.500.11754/116023
ISSN
0034-6535; 1530-9142
DOI
10.1162/REST_a_00653
Appears in Collections:
COLLEGE OF ECONOMICS AND FINANCE[S](경제금융대학) > ECONOMICS & FINANCE(경제금융학부) > Articles
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