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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/46415
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| Title: | | Emotions in litigation contests  |
| Authors: | | Baumann, Florian Friehe, Tim |
| Issue Date: | | 2011 |
| Series/Report no.: | | CESifo working paper: Public Finance 3351 |
| Abstract: | | This paper introduces the concept of emotions into the standard litigation contest. Positive (negative) emotions emerge when litigants win (lose) at trial and are dependent in particular on the level of defendant fault. Our findings establish that standard results of litigation contests change significantly when emotions are taken into account. We show that emotions may increase or decrease individual and total equilibrium contest effort, introduce an asymmetry into the contest, and reinforce or weaken a plaintiff's incentives to bring a suit. In addition, we consider how emotions impact on justice. |
| Subjects: | | emotions litigation contest trial defendant fault |
| JEL: | | K41 D72 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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