Strategic Announcements of Reference Points in Disputes and Litigations

Andrea Gallice

No 3, Working papers from Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino

Abstract: This note shows how the frequent occurrence of seeing exceedingly high claims in disputes and litigations can be rationalized by a model in which claimants display reference dependent preferences, expect the judge to use a generalized social welfare function, and strategically announce their reference points.

Keywords: reference points; claims; litigations (search for similar items in EconPapers)
JEL-codes: D03 D63 K41 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2012-03
New Economics Papers: this item is included in nep-law
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://www.bemservizi.unito.it/repec/tur/wpapnw/m3.pdf First version, 2012 (application/pdf)

Related works:
Working Paper: Strategic announcements of reference points in disputes and litigations (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:tur:wpapnw:003

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