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Author: | Baye, M. R. Kovenock, D. Vries, C. G. de |
Title: | Comparative analysis of litigation systems: an auction-theoretic approach |
Journal: | Economic Journal
2005 : JUL, VOL. 115:505, p. 583-601 |
Index terms: | legal processes |
Freeterms: | auction-theoretic approach litigation systems |
Language: | eng |
Abstract: | This article discusses symmetrick litigation environments where the legal ownership of a disputed asset is unknown to the court. The British rule, Continental rule, American rule and some recently proposed legal reforms are used as case-material for a model built on an auction-theoretic approach. |
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