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Testing The Selection Effect: A New Theoretical Framework With Empirical Tests, Theodore Eisenberg
Testing The Selection Effect: A New Theoretical Framework With Empirical Tests, Theodore Eisenberg
Cornell Law Faculty Publications
Recent law and economics scholarship has produced much theoretical and empirical work on how and why legal disputes are settled and litigated. One of the most significant developments in this literature, attributable to the work of William Baxter and the combined efforts of George Priest and Benjamin Klein, has been the formation of a theory about both the selection of disputes for trial and the rates of success that plaintiffs enjoy for those cases that are resolved at trial. The basic theory contains two components. The selection effect refers to the proposition that the selection of tried cases is not …
The Quiet Revolution In Products Liability: An Empirical Study Of Legal Change, James A. Henderson Jr., Theodore Eisenberg
The Quiet Revolution In Products Liability: An Empirical Study Of Legal Change, James A. Henderson Jr., Theodore Eisenberg
Cornell Law Faculty Publications
Most revolutions are noisy, tumultuous affairs. This is as true of significant shifts in legal doctrine as it is of shifts of political power through force of arms. The pro-plaintiff revolution in products liability in the early 1960s will forever be associated with heroic, martial images, epitomized in Prosser's description of the assault upon, and fall of, the fortressed citadel of privity. In contrast to these noisy, exuberant events, the revolution to which we refer has gone all but unnoticed. In fact, some followers of the products liability wars will find our hypothesis so contrary to currently shared wisdom as …