University of Michigan Law School
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Ann Arbor, Michigan 48109-1215 USA
NBER Working Papers and Publications
|March 2014||Trial and Settlement: A Study of High-Low Agreements|
with Kathryn E. Spier, Albert Yoon: w19873
This paper presents the first systematic theoretical and empirical study of high-low agreements in civil litigation. A high-low agreement is a private contract that, if signed by litigants before the conclusion of a trial, constrains any plaintiff recovery to a specified range. Whereas existing work describes litigation as a choice between trial and settlement, our examination of high-low agreements--an increasingly popular phenomenon in civil litigation--introduces partial or incomplete settlements. In our theoretical model, trial is both costly and risky. When litigants have divergent subjective beliefs and are mutually optimistic about their trial prospects, cases may fail to settle. In these cases, high-low agreements can be in litigants' mutual interest because they limit the risk of ...
Published: J.J. Prescott & Kathryn E. Spier & Albert Yoon, 2014. "Trial and Settlement: A Study of High-Low Agreements," The Journal of Law and Economics, vol 57(3), pages 699-746.
|February 2008||Do Sex Offender Registration and Notification Laws Affect Criminal Behavior?|
with Jonah E. Rockoff: w13803
In recent decades, sex offenders have been the targets of some of the most far-reaching and novel crime legislation in the U.S. Two key innovations have been registration and notification laws which, respectively, require that convicted sex offenders provide valid contact information to law enforcement authorities, and that information on sex offenders be made public. Using detailed information on the timing and scope of changes in state law, we study how registration and notification affect the frequency of sex offenses and the incidence of offenses across victims, and check for any change in police response to reported crimes. We find evidence that registration reduces the frequency of sex offenses by providing law enforcement with information on local sex offenders. As we predict from a...
Published: Do Sex Offender Registration and Notification Laws Affect Criminal Behavior? J.J. Prescott and Jonah E. Rockoff Journal of Law and Economics, 2011, vol. 54, issue 1, pages 161 - 206
|September 2004||Disaggregating Employment Protection: The Case of Disability Discrimination|
with Christine Jolls: w10740
Studies of the effects of employment protection frequently examine protective legislation as a whole. From a policy reform perspective, however, it is often critical to know which particular aspect of the legislation is responsible for its observed effects. The American with Disabilities Act (ADA), a 1990 federal law covering over 40 million Americans, is a clear case in point. Several empirical studies have suggested that the passage of the ADA reduced rather than increased employment opportunities for individuals with disabilities. To the extent this is true, it is crucial to credibly disentangle the different features of this complex and multi-faceted law. Separately evaluating the distinct aspects of the ADA is important not only for determining how the law might best be reformed if so...