Note---The Managerial Economics of Civil Litigation: A Note

Kofi O. Nti
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Kofi O. Nti: College of Business Administration, The Pennsylvania State University, University Park, Pennsylvania 16802

Management Science, 1986, vol. 32, issue 12, 1650-1651

Abstract: In his paper, "The Managerial Economics of Civil Litigation," Levy (Levy, F. K. 1985. The managerial economics of civil litigation. Management Sci. 31 (March) 323--342.) develops a model to determine the optimal expenditures and maximal budgets for a plaintiff and a defendant in a civil suit. He uses a learning process to relate each litigant's probability of success to his level of expenditure. The specific learning process used is a difference equation where the rate of enhancement of probability is a constant fraction of the maximum possible gain. Levy's analysis would have been simpler if he had formulated that learning process as a differential equation.

Date: 1986
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