's (1976) model of competitive insurance. I allow for stochastic contract offers by insurance firms and show that a unique …

We examine settings - such as litigation, labor relations, or arming and war - in which players first make non …

analyses a wide range of potential litigation cost strategies, settlement offers and negotiations, together with relevant …Starting with a simple economic model of the value of civil litigation from each side's perspective, this paper … applications and insights from game theory. Specific issues examined include: optimal settlement agreements, optimal settlement …

not occur. This hinges on the prediction that the person making the offer will extract all the joint surplus of settlement …