The literature on pretrial dispute settlement has studied the effect of first-order uncertainty on pre-trial settlement bargaining while assuming away any uncertainty about higher-order beliefs. We propose a settlement bargaining model in which one player receives a private and noisy signal of...

This article focuses on a less scrutinized aspect of the WTO dispute settlement system – non-litigated disputes. Legal rules concerning consultation and settlement during the panel proceedings are analyzed with the case laws. We then propose, and empirically analyze, several key economic...