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

Published online by Cambridge University Press:  17 August 2016

Éric Langlais
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Abstract:

This paper studies in a model à la Bebchuk how the existence of anasymmetric information on the risk aversion of parties engaged in a trialaffects the way they litigate. We first consider the situation where theplaintiff is the informed party, and solve for the equilibrium with andwithout pre-trial negotiations. Then, we analyze the comparative static ofthe model and the effects of alternative fee-shfting rules. Finally, wediscuss several extensions: the case where the defendant is the informedparty, the influence of the representation of litigants’ preferences, and ofthe existence of the optimistic bias (or self-serving bias).

Résumé:

Résumé:

L’article examine l’effet d’une asymétrie d’information sur l’aversion aurisque des parties opposées dans un litige, dans un modèle à la Bebchuk. Onétudie d’abord le cas où le plaignant est la partie informée, encaractérisant l’équilibre sans et avec négociation avant le procès. Onétudie ensuite la statique comparative du modèle, ainsi que l’incidence duchoix d’une règle d’allocation des coûts du procès. On discute enfinplusieurs extensions: le cas où le défendeur est la partie informée,l’influence de la représentation des préférences et l’existence de biaisd’optimisme comparatif ou de représentation de soi (self-serving bias).

Keywords

litigationsasymmetric informationbias in risk perceptionD81K42litigesasymétrie d’informationbiais de perception du risqueD81K42

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Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 74 , Issue 2 , 2008 , pp. 191 - 218
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 2008 

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Footnotes

*

CEREFIGE et Université Nancy 2.

References

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