Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume that the American Rule is in place in which the parties must pay their own cost of any trial, c p for the plaintiff
Assume that the American Rule is in place in which the parties must pay their own cost of any trial, cp for the plaintiff and cd for the defendant. in these circumstances, when the cost of a trial is higher for the plaintiff an the defendant is a trial more or less likely? Why? Does your answer depend on whether the model which describes the behaviour of parties s the asymmetric information mode or the optimism model?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started