Ex ante contracts to arbitrate tort claims - A law and economics perspective

Aubrecht, Paul Daniel (2024) Ex ante contracts to arbitrate tort claims - A law and economics perspective, [Dissertation thesis], Alma Mater Studiorum Università di Bologna. Dottorato di ricerca in European doctorate in law and economics, 33 Ciclo.
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Abstract

This research addresses the use of ex ante contracts to arbitrate tort claims in domestic settings using law and economics research methodologies. Potential economic benefits from using arbitration, particularly between informed and knowledgeable parties and in international business transactions, are not guaranteed in domestic disputes. Arbitration can potentially be used to manipulate the adjudication process. This research has several findings. There is a lack of information available concerning the use of arbitration to adjudicate tort claims. Proxy measurements concerning the demand for third party adjudication and other legal indicators are a poor substitute for the information hidden behind the veil of arbitration. There is the potential for the strategic use of ex ante contracts to arbitrate tort claims by repeat player tortfeasors to domestic tort claims, both individually and in concert with other repeat player firms. These strategic efforts aim to: manipulate enforcement errors for tort claims, avoid procedural rules which have the effect of lowering enforcement errors, enable a unique type of domestic forum arbitrage, shirk from taking due care, capture the economic benefit of using arbitration, manipulate the stock of precedents and production of public goods from courts, collude in these underlying efforts, restrain competition, indirectly fix prices, and other aims which increase the repeat player tortfeasor’s or their industries economic gains related to their underlying contracts and tort disputes. This research also demonstrates how this subject is appropriate for further academic research and why states should be cautious of giving carte blanche to arbitrate all domestic tort claims.

Abstract
Tipologia del documento
Tesi di dottorato
Autore
Aubrecht, Paul Daniel
Supervisore
Co-supervisore
Dottorato di ricerca
Ciclo
33
Coordinatore
Settore disciplinare
Settore concorsuale
Parole chiave
Arbitration, Contract Law, Tort Law, Comparative Law, Competition Law, Antitrust Law, Judicial Systems, Strategic Behavior, Law and Economics
URN:NBN
Data di discussione
11 Gennaio 2024
URI

Altri metadati

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