Private versus Social Costs in Bringing Suit
نویسندگان
چکیده
منابع مشابه
The Social versus Private Incentive to Sue
The private value of lawsuits is based on plaintiffs’ expected recovery at trial compared to their filing costs, whereas the social value consists of the incentives suits create for injurers to invest in accident avoidance. Generally, there is no relationship between these two values: there may be either too many or too few suits from a social perspective. Thus, there is scope for corrective me...
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We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are "follow-on" drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct a model with a population of patients who can be treated with drugs that are horizontally and vertically...
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The legal system is an expensive social institution, raising the question of whether the amount of litigation is socially appropriate. The thesis developed here is that it is not—because of fundamental differences between private and social incentives to use the legal system. These differences permeate litigation, affecting decisions about the bringing of suits, settlement versus trial, and tri...
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ژورنال
عنوان ژورنال: The Journal of Legal Studies
سال: 1986
ISSN: 0047-2530,1537-5366
DOI: 10.1086/467817