Construct · 1 fields · 1 citations

optimism model of litigation: a standalone construct

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Law and economics

the account that cases go to trial when plaintiff and defendant each overestimate their own chance of winning, leaving no range of mutually acceptable settlements.

In law and economics, optimism model of litigation refers to the account that cases go to trial when plaintiff and defendant each overestimate their own chance of winning, leaving no range of mutually acceptable settlements. This meaning comes from Gould (1973) in The Journal of Legal Studies.[1]

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Nearby constructs

chance4 fields · 6 citationsjingle · one word, four constructs model3 fields · 3 citationsjingle · one word, three constructs range4 fields · 6 citationsjingle · one word, four constructs

References

Gould, J. P. (1973). The Economics of Legal Conflicts. The Journal of Legal Studies, 2(2), 279-300. https://doi.org/10.1086/467499

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