Litigation and Settlement in a Game with Incomplete Information PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Litigation and Settlement in a Game with Incomplete Information PDF full book. Access full book title Litigation and Settlement in a Game with Incomplete Information by Wolfgang Ryll. Download full books in PDF and EPUB format.
Author: Wolfgang Ryll
Publisher: Springer Science & Business Media
ISBN: 3642614671
Category : Business & Economics
Languages : en
Pages : 177
Get Book Here
Book Description
We investigate a two-person game of litigation and settlement with incomplete information on one side. So far, various theoretical attempts have been made to answer the question of why some people choose not to resolve their disputes and instead go to court and incur litigation costs, even if bargaining leaves room for both parties to fare better when avoiding the conflict. We can distinguish between games which focus on strategic elements like games with incomplete information (see, for example, P'ng (1983), Samuelson (1982) and Schweizer (1989» and decision-theoretic models neglecting strategic elements (see, for example, Landes (1971) and Gould (1973». The single-person decision theory approach to litigation assumes litigants to have a subjective estimate of the likelihood that the plaintiff will win the action. Differing views on the probability of winning the court case help to explain the fraction of cases that actually go to trial. Among others, P'ng (1983) points out the shortcomings of the single-person decision theory approach which does not take into account, for example, the different fee systems in England and the U.S. and the differences in information conflicting parties may have. P'ng constructs a model of one-sided incomplete information where the settlement terms are given exogenously. Schweizer (1989), on the other hand, extends P'ng's model and allows for two-sided asymmetric information where the settlement terms are determined endogenously.
Author: Wolfgang Ryll
Publisher: Springer Science & Business Media
ISBN: 3642614671
Category : Business & Economics
Languages : en
Pages : 177
Get Book Here
Book Description
We investigate a two-person game of litigation and settlement with incomplete information on one side. So far, various theoretical attempts have been made to answer the question of why some people choose not to resolve their disputes and instead go to court and incur litigation costs, even if bargaining leaves room for both parties to fare better when avoiding the conflict. We can distinguish between games which focus on strategic elements like games with incomplete information (see, for example, P'ng (1983), Samuelson (1982) and Schweizer (1989» and decision-theoretic models neglecting strategic elements (see, for example, Landes (1971) and Gould (1973». The single-person decision theory approach to litigation assumes litigants to have a subjective estimate of the likelihood that the plaintiff will win the action. Differing views on the probability of winning the court case help to explain the fraction of cases that actually go to trial. Among others, P'ng (1983) points out the shortcomings of the single-person decision theory approach which does not take into account, for example, the different fee systems in England and the U.S. and the differences in information conflicting parties may have. P'ng constructs a model of one-sided incomplete information where the settlement terms are given exogenously. Schweizer (1989), on the other hand, extends P'ng's model and allows for two-sided asymmetric information where the settlement terms are determined endogenously.
Author: Wolfgang Ryll
Publisher:
ISBN: 9783642614682
Category :
Languages : en
Pages : 190
Get Book Here
Book Description
Author: Van Hien Nguyen
Publisher: Springer Science & Business Media
ISBN: 3642570143
Category : Business & Economics
Languages : en
Pages : 512
Get Book Here
Book Description
The 9th Belgian-French-German Conference on Optimization has been held in Namur (Belgium) on September 7-11, 1998. This volume is a collection of papers presented at this Conference. Originally, this Conference was a French-German Conference but this year, in accordance with the organizers' wishes, a third country, Belgium, has joined the founding members of the Conference. Hence the name: Belgian French-German Conference on Optimization. Since the very beginning, the purpose of these Conferences has been to bring together researchers working in the area of Optimization and partic ularly to encourage young researchers to present their work. Most of the participants come from the organizing countries. However the general ten dancy is to invite outside researchers to attend the meeting. So this year, among the 101 participants at this Conference, twenty researchers came from other countries. The general theme of the Conference is everything that concerns the area of Optimization without specification of particular topics. So theoretical as pects of Optimization, in addition to applications and algorithms of Opti mization, will be developed. However, and this point was very important for the organizers, the Conference must retain its convivial character. No more than two parallel sessions are organized. This would allow useful contacts between researchers to be promoted. The editors express their sincere thanks to all those who took part in this Conference. Their invaluable discussions have made this volume possible.
Author: Michel Thera
Publisher: Springer Science & Business Media
ISBN: 3642457800
Category : Business & Economics
Languages : en
Pages : 281
Get Book Here
Book Description
This book presents recent developments in the field of ill-posed variational problems and variational inequalities, covering a large range of theoretical, numerical and practical aspects. The main topics are: - Regularization techniques for equilibrium and fixed point problems, variational inequalities and complementary problems, - Links between approximation, penalization and regularization, - Bundle methods, nonsmooth optimization and regularization, - Error Bounds for regularized optimization problems.
Author: Sönke Hartmann
Publisher: Springer Science & Business Media
ISBN: 3642586279
Category : Business & Economics
Languages : en
Pages : 223
Get Book Here
Book Description
Approaches to project scheduling under resource constraints are discussed in this book. After an overview of different models, it deals with exact and heuristic scheduling algorithms. The focus is on the development of new algorithms. Computational experiments demonstrate the efficiency of the new heuristics. Finally, it is shown how the models and methods discussed here can be applied to projects in research and development as well as market research.
Author: Leopold von Thadden
Publisher: Springer Science & Business Media
ISBN: 3642585566
Category : Business & Economics
Languages : en
Pages : 203
Get Book Here
Book Description
This book is a slightly revised version of my doctoral thesis which I wrote during my time as an assistant at the Faculty of Economics of the University of Magdeburg. I am grateful that I had the opportunity to write my the sis in the stimulating atmosphere of this young and lively faculty. lowe a great amount of gratitude to my supervisor Prof. G. Schwodiauer who con stantly encouraged my work and helped to improve it in many discussions. I also would like to thank Prof. K-H. Paque and Prof. P. Flaschel who, as members of my doctoral committee, commented on various details of this study in a very constructive manner. At various stages of my work I received helpful comments from many colleagues of mine, in particular T. Konig and A. Wohrmann. However, it goes without saying that I retain full responsi bility for all remaining errors. Contents Introduction 1 I Money, inflation, and capital formation in the long run: general remarks 5 1 Summary of the literature: theoretical aspects 7 2 Summary of the literature: empirical aspects 19 3 Further reflections on money 29 II Money, inflation, and capital formation: the perspective of overlapping generations models 43 4 The Diamond model with money as single outside asset 45 4. 1 The model. . . . . . . . 46 4. 2 Equilibrium conditions. 51 4. 3 Policy effects 58 4. 4 Discussion. 61 4. 5 Appendix . 63 5 Variation 1: Imperfect credit markets and asymmetric information 65 5. 1 The model. . . . . . . .
Author: Michael P. Vogel
Publisher: Springer Science & Business Media
ISBN: 3642585175
Category : Business & Economics
Languages : en
Pages : 210
Get Book Here
Book Description
Environmental Kuznets Curves - one of the most controversial issues of current environmental economics - suggest that economic growth may lead to environmental quality improvements. Why and under which circumstances this may be so, are the questions addressed in this book. The approach taken is formal, using techniques of static and dynamic optimisation. In addition, the main assumptions, arguments and conclusions are also presented in a non-formel way.
Author: Nigel H.M. Wilson
Publisher: Springer Science & Business Media
ISBN: 3642859704
Category : Computers
Languages : en
Pages : 472
Get Book Here
Book Description
This proceedings volume consists of papers presented at the Seventh International Workshop on Computer-Aided Scheduling of Pllblic Transport, which was held at th th the Massachusetts Institute of Technology from August 5 to 8 , 1997. In the tradition of alternating Workshops between North American and Europe - Chicago (1975), Leeds (1980), Montreal (1983), Hamburg (1986), Montreal (1990), and Lisbon (1993), Cambridge (Massachusetts, USA) was selected for the Workshop in 1997. As in earlier workshops, the central theme dealt with vehicle and crew scheduling problems and the development of software systems incorporating operations research techniques for operational planning in public transport. However, following the trend that started in Hamburg in 1987, the scope of this Workshop was broadened to include topics in related fields. Two trends underlie this. First, the recognition that the core scheduling issues in public transport have important common elements with other application areas in which extensive work is also underway, and that it is vital to learn from these other initiatives. Second, while scheduling is indeed a core problem in public transport planning, and has shown the first and greatest benefits from computer application, it is intimately related to the preceding tasks in the planning hierarchy, such as service design, and the following tasks such as operations control and public information.
Author: Markus Frölich
Publisher: Springer Science & Business Media
ISBN: 9783540443285
Category : Business & Economics
Languages : en
Pages : 212
Get Book Here
Book Description
Policy evaluation and programme choice are important tools for informed decision-making, for the administration of active labour market programmes, training programmes, tuition subsidies, rehabilitation programmes etc. Whereas the evaluation of programmes and policies is mainly concerned with an overall assessment of impact, benefits and costs, programme choice considers an optimal allocation of individuals to the programmes. This book surveys potential evaluation strategies for policies with multiple programmes and discusses evaluation and treatment choice in a coherent framework. Recommendations for choosing appropriate evaluation estimators are derived. Furthermore, a semiparametric estimator of optimal treatment choice is developed to assist in the optimal allocation of participants.
Author: Kalyan Chatterjee
Publisher: Springer Science & Business Media
ISBN: 1461470951
Category : Business & Economics
Languages : en
Pages : 407
Get Book Here
Book Description
Game theory has been applied to a growing list of practical problems, from antitrust analysis to monetary policy; from the design of auction institutions to the structuring of incentives within firms; from patent races to dispute resolution. The purpose of Game Theory and Business Applications is to show how game theory can be used to model and analyze business decisions. The contents of this revised edition contain a wide variety of business functions – from accounting to operations, from marketing to strategy to organizational design. In addition, specific application areas include market competition, law and economics, bargaining and dispute resolution, and competitive bidding. All of these applications involve competitive decision settings, specifically situations where a number of economic agents in pursuit of their own self-interests and in accordance with the institutional “rules of the game” take actions that together affect all of their fortunes. As this volume demonstrates, game theory provides a compelling guide for analyzing business decisions and strategies.
