A model of efficient discovery
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amounts of discovery assume assumption Avinash Dixit avoid trial avoided cost chance of settling Coasian conditional expectation conditional probabilities convex function cost of discovery Daniel Kessler defendant defendant's discovery derivative discovered party discovery amounts discovery costs effect EFFICIENT DISCOVERY ex ante probability expected gains expected net gain ﬁles ﬁrst formula further discovery gain from settling Ian Ayres impasse implications incentive-compatibility conditions incentives for discovery increasing function informational disparities initial Lagrange multiplier Liability litigation Mnookin and Robert negligence negotiation game negotiation procedure obtained from discoveries optimality condition parties settle party's private perceived plaintiff plaintiff's expected plaintiff's probability plan of discovery precision hD pretrial settlement prior precision private information privately known parameters probability distribution probability of settling prospects at trial reduces reﬂects Robert Mnookin Robert Wilson sample information sampling precision satisﬁed settlement escrow settlement negotiations settlement probabilities Shavell simpliﬁcation Stanford Law School tion trial costs trial outcome trial value variance winner's curse zero-sum