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Delay in litigation is a policy concern in many jurisdictions. Little evidence is available on the causes of such delay, however. The authors present a version of K. Spier's (1992) bargaining model of litigation and derive directly a functional form for the conditional probability of case...
Persistent link: https://www.econbiz.de/10005071937
In Britain, the NHS spends millions of pounds a year compensating patients injured during medical treatment. Compensation is paid if the patient can demonstrate that treatment was supplied negligently. However, concern over the cost, effectiveness and administrative efficiency of this approach...
Persistent link: https://www.econbiz.de/10005072179