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ECO320H1 (30)
Lecture

Lecture Notes- Legal Procedure Nov 4 2009

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Department
Economics
Course
ECO320H1
Professor
Robert Barber
Semester
Fall

Description
Lecture - LEGAL PROCEDURE (November 4 2009) th - Recovery J compulsory discovery of facts - Gain for plaintiff can be money (compensation) - Gain of justice = highly important J sometimes may be even more valued than monetary claims - @Z[Zo]Lreadjustingreinforcing previous rules Slide 5 J 9o]L][Z ]Z]}LZo - ^}Ko]L][ZEZLE}ZZ]L2} ZZ~l}L]o]L2}oZ]J not serious Slide 6 J Expected Value of a Legal Claim - Decision chain - 5 decision points of filingnot filing, settlingnot settle, winninglosing - Essentially of game theory (extensive form) - ^}o]}L9ZZLL}l lZ~Z2]LL]L2}L[ZZ ]Z]}LZ are worth, need to start at the end); find the expected values of each J move backwards - More reward J take greater probability case Slide 8 J Effect of Fees (2) - Port Colborne = Lake Eerie o A J possible awards o P J probability of winning - Canadian cost rule o 23 of legal costs paid
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