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- W1535166436 abstract "We revisit Lucian Bebchuk’s 1996 claim that plaintiffs can use the sequential nature of litigation to extract a positive settlement from a negative‐expected‐value suit. We make three claims. First, this result is heavily dependent on the specific bargaining game he uses. Second, in an alternating‐offer bargaining game, the outside‐option principle demonstrates that this cost‐sinking strategy will not allow a negative‐expected‐value plaintiff to extract a positive settlement offer. Third, this cost‐sinking strategy, however, can be effective for a defendant using a negative‐expected‐value defense." @default.
- W1535166436 created "2016-06-24" @default.
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- W1535166436 date "2009-01-01" @default.
- W1535166436 modified "2023-10-16" @default.
- W1535166436 title "Advantage Defendant: Why Sinking Litigation Costs Makes Negative‐Expected‐Value Defenses but Not Negative‐Expected‐Value Suits Credible" @default.
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- W1535166436 doi "https://doi.org/10.1086/587144" @default.
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