Cheap talk and reputation in repeated pretrial negotiation

Article Abstract:

Constant communication between repeated opposing legal parties can have a positive outcome on settlement negotiation. Cheap talk is unavoidable in repeated contact between players. Players should put some credibility in their cheap talk to raise their level of reputation. Having a good reputation can help a player, and through cheap talk, can gain information that may be vital in the negotiation process.

Analysis, Compromise and settlement, Settlements (Law), Reputation (Law), Reputation

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Avoiding Tax Avoidance: A (Repeated) Game Theoretic Approach

Article Abstract:

A game theoretic approach is used to provide an optimal auditing program for tax authorites. Assumption is made of budget constraints and given tax and penalty functions. Classification is made by auditing probability and individual honesty. A strategy is developed under which the percentage of tax cheaters is small.

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Avoiding invalid instruments and coping with weak instruments

Article Abstract:

The usefulness of the instrumental variable estimator by economists, for evaluation of negotiable instruments, is described.

United States, Methods, Usage, Evaluation, Economics, Negotiable instruments, Economic theory

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