Lawsuits and investment projects have much in common.'Indeed, every lawsuit forces
litigants to make current expenditures in order to influence future outcomes. That is the …

Contrary to the predictions of conventional economic theory, firms often benefit by increasing
consumer transaction costs. Firms do so by, for example, obscuring contract terms in a …

Biological motion is an essential piece of sensory information for living organism and
therefore motion processing units, from simple elementary motion detectors to dedicated …

In the United States, most tort disputes are resolved prior to trial. Eisenberg and Lanvers
(2009) find that about 82 percent of tort cases filed in two federal district courts were settled …

Lawmakers, courts, and legal scholars have long recognized that consolidating the claims of
dispersed plaintiffs with similar grievances may promote justice and efficiency. In this Article …

Legal ethics has received attention mostly from scholars who view it as a field for the
application of moral philosophy. However, economic analysis is also useful in the study of …

When it comes to combating meritless litigation, how much should procedure matter?
Conventional wisdom holds that procedure should be uniform, with the same rules applying …

The end of the roller-coaster year of 2020 brought two major developments for the duty of
best execution governing the fundamental customer-broker relationship, which" requires …

It has long been recognized that some plaintiffs sue defendants out of malice, but malicious
litigation has not been previously modeled in the law and economics literature. I construct a …

We introduce discovery into a model of settlement and negative expected value (NEV) suits
under asymmetric information. The option to conduct discovery has several important effects …