Note—The Managerial Economics of Civil Litigation: A Note

In his paper, “The Managerial Economics of Civil Litigation,” Levy (Levy, F. K. 1985. The managerial economics of civil litigation. Management Sci. 31 (March) 323–342.) develops a model to determine the optimal expenditures and maximal budgets for a plaintiff and a defendant in a civil suit. He uses a learning process to relate each litigant's probability of success to his level of expenditure. The specific learning process used is a difference equation where the rate of enhancement of probability is a constant fraction of the maximum possible gain. Levy's analysis would have been simpler if he had formulated that learning process as a differential equation.

• 저널Management Science · 32(12) · 1650–1651
• 토픽Law, Economics, and Judicial Systems · Economics and Econometrics
• DOI10.1287/mnsc.32.12.1650
• 저자Kofi O. Nti