منابع مشابه
The Economics of US-style Contingent Fees and UK-style Conditional Fees∗
Under contingent fees the attorney gets a share of the judgement; under conditional fees the lawyer gets an upscale premium if the case is won which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a principal-agent framework where the lawyer chooses unobservable effort after she has observed the amount at stake. Contingent fees provide better ince...
متن کاملContingent fees and litigation settlement
Policy makers and static economic models often argue that contingent fees cause lawyers to settle cases sooner than their clients would like, so as to avoid accumulating costs of bargaining. Yet, in a dynamic setting, a willingness to sink costs can be a strategic advantage when seeking to establish the credibility of threats. This paper shows that this can be the case for cost-bearing continge...
متن کاملThe Problem of Contingent Fees for Waiters
In a series of influential papers, Lester Brickman (2003a, 2003b, 2004) has argued that the income and effective hourly rate of tort lawyers using contingent fees has increased by 1400% since 1960 and that the market for contingent fee lawyers is uncompetitive as evidenced by lack of price advertising and uniform pricing across practitioners, cases and time. He also argues that contingent fee l...
متن کاملmarginal versus conditional causal effects
conditional methods of adjustment are often used to quantify the effect of the exposure on the outcome. as a result, the stratums-specific risk ratio estimates are reported in the presence of interaction between exposure and confounder(s) in the literature, even if the target of the intervention on the exposure is the total population and the interaction itsel...
متن کاملThe optimality of contingent fees in the agency problem of litigation
Linear contracts are of particular interest to economists. They have a simple structure, yet they are very popular in practice. In this regard, plaintiff–lawyer contractual relationships are of particular interest. Lawyers’ fees are mostly paid by a sharing rule and they are typically a fixed proportion of the recovery across all lawsuits of the same type and this fixed proportion typically sta...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Oxford Economic Papers
سال: 2006
ISSN: 0030-7653,1464-3812
DOI: 10.1093/oep/gpl015