Perspective
Jan. 14, 2017
Lessons from the economic theory of settlement
Trial judges everywhere know that nothing settles a case like a firm trial date — unnecessary continuances be damned. By John Shepard Wiley Jr.
2nd Appellate District, Division 8
John Shepard Wiley Jr.
Associate Justice
Boalt Hall, 1980
To settle a case is to make a deal. Deals fascinate economists, who for decades have theorized about whether and how rational parties will strike these settlement deals. Civil law judges might be interested in this academic theory.
Why just civil law judges? Why not judges in criminal, or family law, or children's court, or mental health court? The research mostly focuses on money transfers. Economic tools apply eas...
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