A dynamic model of lawsuit joinder and settlement
نویسندگان
چکیده
Suppose that victim j employs a bandwagon strategy {δ, δ&j}. We will characterize victim i’s best response, beginning with period 2. If victim i filed suit in period 1, then he has no further action to take. Suppose that victim i did not file suit in period 1. If victim j filed suit in period 1, then victim j has no further action to take and nothing will change in the future; thus victim i will file suit in period 2 (following victim j) if L2δi c2 f > 0 (that is, if δi > δ) and otherwise he will never file.
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