Mediation: economic concepts and some examples of rational framework for legal professionals

Antonio Cappiello

RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, 2018, vol. 72, issue 2, 149-158

Abstract: Mediation, as alternative dispute resolution, is an important option for policy makers to alleviate the judicial burden and allowing both parties more freedom in the agreement for the solution of the conflict. The customization of the output according to the claimants� specific needs and wills can therefore maximize the satisfaction of both parties beyond the legal constraints of a judicial decision. We will underline the importance of establishing a common rational framework as a reference for analysing the positions taken by the parties. This approach is useful to solve litigation and/or facilitating mediation but is also a good way to argument a position when discussing some assumptions in any kind of reasoning.

Keywords: Mediation; decision-making; expected value; probability model; risks; game theory; risk assessment; utility function; betting; learning from failure; notaries; legal professions; lawyers. (search for similar items in EconPapers)
JEL-codes: A11 A12 A13 A14 B00 B31 B40 C10 C13 C53 C69 C70 D04 D89 D90 F02 H11 I00 I28 J10 N00 N10 N13 N14 N43 N44 Z00 Z10 (search for similar items in EconPapers)
Date: 2018
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