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- W1536933470 abstract "The papers show that Legal Cost Insurance (LCI) is a device to enhance potential litigants' bargaining position rather than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and the case goes to trial. This shifts the threat points, which has an impact on the bargaining result. In negative expected value suits, LCI can make the threat to sue credible and motivate potential defendants to make positive settlement offers. Hence, even risk-neutral agents may find it beneficial to insure." @default.
- W1536933470 created "2016-06-24" @default.
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- W1536933470 date "1999-01-01" @default.
- W1536933470 modified "2023-09-27" @default.
- W1536933470 title "Legal Cost Insurance as a Strategic Device in Settlement Negotiations" @default.
- W1536933470 hasPublicationYear "1999" @default.
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