Toward a taxonomy of disputes: New evidence through the prism of the Priest/Klein model

Peter Siegelman, Joel Waldfogel

Research output: Contribution to journalArticle

45 Scopus citations

Abstract

The Priest/Klein model predicts both trial rates and plaintiff win rates as functions of three structural parameters: the decision standard, parties' uncertainty in estimating case quality, and the degree of stake asymmetry across parties. Previous tests of the model are unsatisfactory because most have concentrated on its prediction of a 50 percent win rate, which only obtains as a limiting case. We gather independent evidence that describes the model's three parameters and compare it with estimates from a structural model that simultaneously estimates both trial and win rates. The model fits the data for four of our six case types. A four-parameter model, in which plaintiffs face greater uncertainty than defendants, can explain the two anomalous case types.

Original languageEnglish (US)
Number of pages1
JournalJournal of Legal Studies
Volume28
Issue number1
DOIs
StatePublished - Jan 1999
Externally publishedYes

Fingerprint Dive into the research topics of 'Toward a taxonomy of disputes: New evidence through the prism of the Priest/Klein model'. Together they form a unique fingerprint.

Cite this