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Indemnisation des préjudices et fréquence des procès en présence d’une asymétrie d’information sur l’aversion au risque des parties

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  • Eric LANGLAIS

    (CEREFIGE et Université de Nancy 2)

Abstract

The paper addresses the issue of the impact of asymmetric information on risk aversion of litigant parties in a model à la Bebchuk. First we study the case where the plaintif is the informed party, and characterize the equilibrium with and without a pretrial negociation round. Then, we focuse on the comparative statics of the model and analyse the role of the choice of a cost allocation rule. Finally, we discuss several extensions: the case where the defendant is the informed party, the influence of the assumption on the representation of preferences, and the role of self-serving bias.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Eric LANGLAIS, 2008. "Indemnisation des préjudices et fréquence des procès en présence d’une asymétrie d’information sur l’aversion au risque des parties," Discussion Papers (REL - Recherches Economiques de Louvain) 2008024, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:2008024
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    File URL: http://sites.uclouvain.be/econ/DP/REL/2008024.pdf
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    References listed on IDEAS

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    1. Johanna Etner & Meglena Jeleva, 2013. "Risk Perception, Prevention And Diagnostic Tests," Health Economics, John Wiley & Sons, Ltd., vol. 22(2), pages 144-156, February.

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    More about this item

    Keywords

    litiges; asymétrie d’information; biais de perception du risque;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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