Question: 1.What role do appeals play in efficiency? Explain. 2.Distinguish between voluntary and involuntary disclosure (discovery) and discuss how they effect SC = Ca + Ce.

1.What role do appeals play in efficiency? Explain.

2.Distinguish between voluntary and involuntary disclosure (discovery) and discuss how they effect SC = Ca + Ce.

3.Explain Loss Aversion and Regret Aversion and their effects on pre-trial settlements.

4.Illustrate and explain the concept of "perfect compensation". Why is perfect compensation not possible from a practical/legal perspective?

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