ECO320H1 Lecture : Lecture Notes- Legal Procedure Nov 4 2009

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Gain for plaintiff can be money (compensation) Gain of justice = highly important j sometimes may be even more valued than monetary claims. Slide 6 j expected value of a legal claim. 5 decision points of filing/not filing, settling/not settle, winning/losing. zlz are worth, need to start at the end); find the expected values of each j move backwards. More reward j take greater probability case. Port colborne = lake eerie: a j possible awards, p j probability of winning. Canadian cost rule: 2/3 of legal costs paid by loser, zyz llz. If probability is uncertain, find break even probability (use equation: f=g=0 american cost rule applied, break even probability = . 15. American b/c the plaintiff is not at risk of paying their own lawyer and the opponents lawyer. When costs are award, not all costs are awarded (only a portion) j 2/3. No-way-certain j no reallocation of costs between parties (f=g=0)

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