The Fifth Amendment guarantees criminal defendants the right to silence, blocking the court from drawing...

We revisit Lucian Bebchuk’s (1996) claim that plaintiff’s can use the sequential nature of litigation...

We introduce discovery into a model of settlement and negative expected value (NEV) suits under...

The Coase Theorem suggests that married couples will divorce if and only if doing so...

The belief that it is better for cases to settle than go to trial is...

Under plausible circumstances, a monopolist in one market can use its control of prices in...

Previous papers by Eric B. Rasmusen et. al. (1991) and Ilya R. Segal and Michael...

When the government bargains with a private firm, the firm cares about only its own...

In a recent paper, Lyon and Rasmusen (2004) argue that buyer-option contracts are more effective...

We consider a model of crime with rational Bayesian Jurors. We find that if jurors...

Recent analyses of entry deterrence strategies have required an incumbent’s post-entry output or pricing strategy...

The prevailing view in the law and economics literature is that preventing firms and consumers...

One of the most compelling reasons against affirmative action is the principle of color blindness,...

Most analysis of market power assumes that managers are perfect agents for shareholders. This paper...

While it is typically taken for granted that settlement of lawsuits increases social welfare, this...

Polinsky and Rubinfeld (2003) propose a novel system for eliminating the conflict of interest between...

I analyze the innovation incentives under monopoly and duopoly provision of horizontally differentiated products purchased...

Critical loss analysis is often used to argue that firms with large margins have more...

The criminal punishment literature has focused on justifying non-maximal punishments and the use of non-monetary...

Contracts that involve the government differ from contracts between two private parties in that the...

We consider loyalty discounts whereby the seller promises to give buyers who commit to buy...

It is well-known that a monopolist cannot commit to offer a high quality contract to...