1986/03/01 by Jeffrey S. Banks, Banks, Jeffrey S.
Economics, Econometrics and Finance · #Insurance and Financial Risk Management #Law, Economics, and Judicial Systems
paper · doi:10.7907/ghjz6-1sf90
openalex publication_date 1986/03/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/01
The effect of different liability rules on the pretrial behavior of litigants to a civil suit is analyzed. The interaction is modeled as a game of incomplete information, where both the plaintiff and the defendant know whether or not they were negligent in actions leading to the accident. Selection criteria are used to refine the set of sequential equilibria of the game.