985数量经济与金融系列讲座第121期：Auctioning Litigation Rights in Class Action Suits

题目：Auctioning Litigation Rights in Class Action Suits

主讲人：Sui, Yong, Assistant Professor, Shanghai Jiaotong University

This paper studies the optimal selection of class attorneys in class actions and the corresponding optimal compensation schemes that maximize the expected recovery for class members. When the lodestar payment method is to be implemented, a second-price auction would select the most capable class attorney to represent the whole class in the litigation. On the other hand, when the percentage payment method is to be implemented, a revelation mechanism would serve the purpose