Who Should Be Worried About Asymmetric Information in Litigation ?

@inproceedings{Osborne1999WhoSB,
  title={Who Should Be Worried About Asymmetric Information in Litigation ?},
  author={Evan Osborne},
  year={1999}
}
What is the appropriate informational structure when modeling the lawsuit? In numerous papers stretching back almost 30 years litigation has been portrayed as a game involving incomplete, sometimes asymmetric information. That information is incomplete is beyond question. Clients, in conjunction with their attorneys, must make decisions on filing and settlement in the presence of uncertainty about how courts will interpret evidence, litigants’ settlement reservation values, and a host of other… CONTINUE READING