Thursday, June 13, 2013

Hylton on the Economics of Class Actions and Class Action Waivers

Keith Hylton (Boston University) has posted to SSRN The Economics of Class Actions and Class Action Waivers.  The abstract provides:

Class action litigation has generated a series of recent Supreme Court decisions imposing greater federal court supervision over the prosecution of collective injury claims. This group of cases raises the question whether class action waivers should be permitted on policy grounds. I examine the economics of class actions and waivers in this paper. I distinguish between the standard one-on-one litigation environment and the class action environment. In the standard environment, waivers between informed agents enhance society’s welfare. In the class action environment, in contrast, not all waivers are likely to enhance
society’s welfare.

--CJR

http://lawprofessors.typepad.com/tortsprof/2013/06/hylton-on-the-economics-of-class-actions-and-class-action-waivers.html

MDLs and Class Actions, Scholarship | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef0192ab16f97e970d

Listed below are links to weblogs that reference Hylton on the Economics of Class Actions and Class Action Waivers:

Comments

Post a comment