Sequential versus Unitary Trials with Asymmetric Information
Hung-Ken Chien and
C Y Cyrus Chu
The Journal of Legal Studies, 1997, vol. 26, issue 1, 239-58
Suppose a legal conflict involves a plaintiff claiming to have been injured by the defendant. A unitary trial (UT) is one in which the plaintiff litigates damage and liability at the same time. A sequential trial (ST) is one in which the plaintiff first litigates damage (or liability) and decides whether to litigate liability (or damage) only after the first stage suit is tried. A UT differs from an ST mainly in that some private information is revealed during litigation in the ST but not in the UT. We discuss the effect of this information revelation on the behavior of the agents, the settlement probability, and the corresponding litigation costs. Our analysis can also be extended to other economic applications with sequential information disclosure. Copyright 1997 by the University of Chicago.
References: Add references at CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed
Downloads: (external link)
Access to the online full text or PDF requires a subscription.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ucp:jlstud:v:26:y:1997:i:1:p:239-58
Access Statistics for this article
More articles in The Journal of Legal Studies from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().