Litigation, experimentation, and reputation |
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Authors: | Bill Z Yang |
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Institution: | Department of Economics, The University of Iowa, and School of Economics, Flinders University of South Australia, Australia |
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Abstract: | This paper develops a multiple-plaintiff game with a correlation across plaintiffs' private information (damage levels). It argues that the defendant engages in experimentation to learn (or remain uninformed about) the plaintiffs' types and play tougher (or softer) in the initial case when another party may also have an interest in the suit. |
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