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- W413462204 abstract "We explain why ʻfrivolous suits (FS)ʼ occur particularly under complete information. Existing analyses such as the ʻtraditionalʼ and the ʻearly-defense-costʼ models are not fully robust in that they either drop the plaintiffʼs withdrawal option or rely on a restrictive assumption that the defendant loses immediately unless he early defends himself at high cost. We pursue a more generalized explanation.We o ffer an infinite-period litigation model with uncertainty which reflects the reality more consistently.We then show that FS can occur as a subgame perfect equilibrium since the defendant over the pre-trial stage may settle with FS to save future time and/or trial costs.We further demonstrate that FS can occur even under the British rule of fee shifting." @default.
- W413462204 created "2016-06-24" @default.
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- W413462204 date "2015-06-01" @default.
- W413462204 modified "2023-09-27" @default.
- W413462204 title "FRIVOLOUS SUITS IN THE INFINITELY-REPEATED LITIGATION GAME WITH UNCERTAINTY" @default.
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- W413462204 doi "https://doi.org/10.15057/27196" @default.
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