Contingent fees meet the British rule: an exploratory study
Author
Abstract
Suggested Citation
DOI: 10.1007/s11127-010-9712-8
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Daniel F. Rubinfeld & Suzanne Scotchmer, 1993. "Contingent Fees for Attorneys: An Economic Analysis," RAND Journal of Economics, The RAND Corporation, vol. 24(3), pages 343-356, Autumn.
- Konrad, Kai A., 2009. "Strategy and Dynamics in Contests," OUP Catalogue, Oxford University Press, number 9780199549603.
- Winand Emons & Nuno Garoupa, 2006. "US-style contingent fees and UK-style conditional fees: agency problems and the supply of legal services," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 27(5), pages 379-385.
- Hyde, Charles E., 2006. "Conditional versus contingent fees: Litigation expenditure incentives," International Review of Law and Economics, Elsevier, vol. 26(2), pages 180-194, June.
- Winand Emons, 2006.
"Playing It Safe with Low Conditional Fees versus Being Insured by High Contingent Fees,"
American Law and Economics Review, American Law and Economics Association, vol. 8(1), pages 20-32.
- Winand Emons, 2004. "Playing It Safe with Low Conditional Fees versus Being Insured by High Contingent Fees," Diskussionsschriften dp0419, Universitaet Bern, Departement Volkswirtschaft.
- Emons, Winand, 2005. "Playing it Safe with Low Conditional Fees versus Being Insured by High Contingent Fees," CEPR Discussion Papers 4841, C.E.P.R. Discussion Papers.
- Tim Friehe, 2011. "On being asset-constrained in litigation contests," Public Choice, Springer, vol. 147(3), pages 277-284, June.
- Winand Emons, 2007.
"Conditional versus contingent fees,"
Oxford Economic Papers, Oxford University Press, vol. 59(1), pages 89-101, January.
- Winand Emons, 2004. "Conditional versus Contingent Fees," Diskussionsschriften dp0409, Universitaet Bern, Departement Volkswirtschaft.
- Emons, Winand, 2004. "Conditional versus Contingent Fees," CEPR Discussion Papers 4532, C.E.P.R. Discussion Papers.
- Hirshleifer, Jack & Osborne, Evan, 2001. "Truth, Effort, and the Legal Battle," Public Choice, Springer, vol. 108(1-2), pages 169-195, July.
- Santore, Rudy & Viard, Alan D, 2001. "Legal Fee Restrictions, Moral Hazard, and Attorney Rights," Journal of Law and Economics, University of Chicago Press, vol. 44(2), pages 549-572, October.
- Jue-Shyan Wang, 2007. "Fee-Shifting Rules in Litigation with Contingency Fees," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 23(3), pages 519-546, October.
- Kooreman, Peter & Schoonbeek, Lambert, 1997. "The specification of the probability functions in Tullock's rent-seeking contest," Economics Letters, Elsevier, vol. 56(1), pages 59-61, September.
- Dana, James D, Jr & Spier, Kathryn E, 1993. "Expertise and Contingent Fees: The Role of Asymmetric Information in Attorney Compensation," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 9(2), pages 349-367, October.
- Farmer, Amy & Pecorino, Paul, 1999.
"Legal Expenditure as a Rent-Seeking Game,"
Public Choice, Springer, vol. 100(3-4), pages 271-288, September.
- Amy Farmer & Paul Pecorino, 1999. "Legal expenditure as a rent-seeking game," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 379-396, Springer.
- A. Mitchell Polinsky & Daniel L. Rubinfeld, 2003.
"Aligning the Interests of Lawyers and Clients,"
American Law and Economics Review, American Law and Economics Association, vol. 5(1), pages 165-188.
- Polinsky, A. Mitchell & Rubinfeld, Daniel L., 2001. "Aligning the Interests of Lawyers and Clients," Berkeley Olin Program in Law & Economics, Working Paper Series qt2kz8r3j1, Berkeley Olin Program in Law & Economics.
- Osborne, Evan, 1999. "Who should be worried about asymmetric information in litigation?," International Review of Law and Economics, Elsevier, vol. 19(3), pages 399-409, September.
- A. Mitchell Polinsky & Steven Shavell (ed.), 2007. "Handbook of Law and Economics," Handbook of Law and Economics, Elsevier, edition 1, volume 2, number 2.
- Baik, Kyung Hwan & Kim, In-Gyu, 2007. "Contingent fees versus legal expenses insurance," International Review of Law and Economics, Elsevier, vol. 27(3), pages 351-361, September.
- Katz, Avery, 1988. "Judicial decisionmaking and litigation expenditure," International Review of Law and Economics, Elsevier, vol. 8(2), pages 127-143, December.
- Gravelle, Hugh & Waterson, Michael, 1993.
"No Win, No Fee: Some Economics of Contingent Legal Fees,"
Economic Journal, Royal Economic Society, vol. 103(420), pages 1205-1220, September.
- H. Gravelle & M. Waterson, 1992. "No Win, No Fee : Some Economics of Contingent Legal Fees," Working Papers 254, Queen Mary University of London, School of Economics and Finance.
- Warneryd, Karl, 2000.
"In Defense of Lawyers: Moral Hazard as an Aid to Cooperation,"
Games and Economic Behavior, Elsevier, vol. 33(1), pages 145-158, October.
- Wärneryd, Karl, 1996. "In Defense of Lawyers. Moral Hazard as an Aid to Cooperation," SSE/EFI Working Paper Series in Economics and Finance 126, Stockholm School of Economics.
- Stergios Skaperdas, 1996.
"Contest success functions (*),"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 283-290.
- Skaperdas, Stergios, 1996. "Contest Success Functions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 283-290, February.
- Stergios Skaperdas, 1996. "Contest success functions," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 263-270, Springer.
- Hyde, Charles E. & Williams, Philip L., 2002. "Necessary costs and expenditure incentives under the English rule," International Review of Law and Economics, Elsevier, vol. 22(2), pages 133-152, August.
- Francesco Parisi, 2002.
"Rent-seeking through litigation: adversarial and inquisitorial systems compared,"
Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 397-420,
Springer.
- Parisi, Francesco, 2002. "Rent-seeking through litigation: adversarial and inquisitorial systems compared," International Review of Law and Economics, Elsevier, vol. 22(2), pages 193-216, August.
- Richard Allard, 1988. "Rent-seeking with non-identical players," Public Choice, Springer, vol. 57(1), pages 3-14, April.
- A. Mitchell Polinsky & Steven Shavell (ed.), 2007. "Handbook of Law and Economics," Handbook of Law and Economics, Elsevier, edition 1, volume 1, number 1.
- Emons, Winand, 2000. "Expertise, contingent fees, and insufficient attorney effort," International Review of Law and Economics, Elsevier, vol. 20(1), pages 21-33, March.
- Patricia Munch Danzon, 1983. "Contingent Fees for Personal Injury Litigation," Bell Journal of Economics, The RAND Corporation, vol. 14(1), pages 213-224, Spring.
- Kyung Hwan Baik & In‐Gyu Kim, 2007.
"Strategic Decisions On Lawyers’ Compensation In Civil Disputes,"
Economic Inquiry, Western Economic Association International, vol. 45(4), pages 854-863, October.
- In-Gyu Kim & Kyung Hwan Baik, 2004. "Strategic Decisions on Lawyers' Compensations in Civil Disputes," Econometric Society 2004 Far Eastern Meetings 566, Econometric Society.
- Rudy Santore & Alan D. Viard, 1999. "Legal fee restrictions, moral hazard, and attorney profits," Working Papers 9912, Federal Reserve Bank of Dallas.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gabuthy, Yannick & Peterle, Emmanuel & Tisserand, Jean-Christian, 2021.
"Legal Fees, Cost-Shifting Rules and Litigation: Experimental Evidence,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 93(C).
- Yannick Gabuthy & Emmanuel Peterle & Jean-Christian Tisserand, 2021. "Legal Fees, Cost-Shifting Rules and Litigation: Experimental Evidence," Post-Print hal-03209291, HAL.
- Wladislaw Mill & Jonathan Stäbler, 2023.
"Spite in Litigation,"
CESifo Working Paper Series
10290, CESifo.
- Wladislaw Mill & Jonathan Staebler, 2023. "Spite in Litigation," CRC TR 224 Discussion Paper Series crctr224_2023_401, University of Bonn and University of Mannheim, Germany.
- Sung-Hoon Park, 2022. "Contingent fees and endogenous timing in litigation contests," European Journal of Law and Economics, Springer, vol. 54(3), pages 453-473, December.
- Carbonara Emanuela & Parisi Francesco & von Wangenheim Georg, 2015. "Rent-Seeking and Litigation: The Hidden Virtues of Limited Fee Shifting," Review of Law & Economics, De Gruyter, vol. 11(2), pages 113-148, July.
- Mora-Sanguinetti, Juan S. & Garoupa, Nuno, 2015. "Do lawyers induce litigation? Evidence from Spain, 2001–2010," International Review of Law and Economics, Elsevier, vol. 44(C), pages 29-41.
- Doménech-Pascual, Gabriel & Martínez-Matute, Marta & Mora-Sanguinetti, Juan S., 2021. "Do fee-shifting rules affect plaintiffs’ win rates? A theoretical and empirical analysis," International Review of Law and Economics, Elsevier, vol. 65(C).
- Juan S. Mora-Sanguinetti & Nuno Garoupa, 2015. "Litigation in Spain 2001-2010: Exploring the market for legar services," Working Papers 1505, Banco de España.
- Zamir Eyal & Medina Barak & Segal Uzi, 2014. "Who Benefits from the Uniformity of Contingent Fee Rates?," Review of Law & Economics, De Gruyter, vol. 9(3), pages 357-387, January.
- Sung-Hoon Park & Chad E. Settle, 2023. "Asymmetric Reimbursement and Contingent Fees in Environmental Conflicts: Observable vs. Unobservable Contracts," Games, MDPI, vol. 14(4), pages 1-10, July.
- Sung-Hoon Park & Chad Settle, 2022. "Internalizing environmental damages and endogenous reimbursement in environmental conflicts: a game-theoretic analysis," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 69(4), pages 547-569, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Friehe, Tim, 2010. "Contingent fees and legal expenses insurance: Comparison for varying defendant fault," International Review of Law and Economics, Elsevier, vol. 30(4), pages 283-290, December.
- Florian Baumann & Tim Friehe, 2013. "A note on the timing of investments in litigation contests," European Journal of Law and Economics, Springer, vol. 35(3), pages 313-326, June.
- Florian Baumann & Tim Friehe, 2012.
"Emotions in litigation contests,"
Economics of Governance, Springer, vol. 13(3), pages 195-215, September.
- Florian Baumann & Tim Friehe, 2011. "Emotions in Litigation Contests," CESifo Working Paper Series 3351, CESifo.
- Kyung Hwan Baik & In‐Gyu Kim, 2007.
"Strategic Decisions On Lawyers’ Compensation In Civil Disputes,"
Economic Inquiry, Western Economic Association International, vol. 45(4), pages 854-863, October.
- In-Gyu Kim & Kyung Hwan Baik, 2004. "Strategic Decisions on Lawyers' Compensations in Civil Disputes," Econometric Society 2004 Far Eastern Meetings 566, Econometric Society.
- Baik, Kyung Hwan & Kim, In-Gyu, 2007. "Contingent fees versus legal expenses insurance," International Review of Law and Economics, Elsevier, vol. 27(3), pages 351-361, September.
- Tim Friehe, 2011. "On being asset-constrained in litigation contests," Public Choice, Springer, vol. 147(3), pages 277-284, June.
- Zhou, J., 2010. "Access to justice : An economic approach," Other publications TiSEM 9d70f451-35c4-4878-92bf-7, Tilburg University, School of Economics and Management.
- Gabuthy, Yannick & Peterle, Emmanuel & Tisserand, Jean-Christian, 2021.
"Legal Fees, Cost-Shifting Rules and Litigation: Experimental Evidence,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 93(C).
- Yannick Gabuthy & Emmanuel Peterle & Jean-Christian Tisserand, 2021. "Legal Fees, Cost-Shifting Rules and Litigation: Experimental Evidence," Post-Print hal-03209291, HAL.
- Farmer Amy & Pecorino Paul, 2016. "Litigation with a Variable Cost of Trial," Review of Law & Economics, De Gruyter, vol. 12(2), pages 203-226, July.
- Emons, Winand & Garoupa, Nuno, 2004.
"The Economics of US-Style Contingent Fees and UK-Style Conditional Fees,"
CEPR Discussion Papers
4473, C.E.P.R. Discussion Papers.
- Winand Emons & Nuno Garoupa, 2004. "The Economics of US-style Contingent Fees and UK-style Conditional Fees," Diskussionsschriften dp0407, Universitaet Bern, Departement Volkswirtschaft.
- Emons, Winand & Fluet, Claude, 2016.
"Why plaintiffs’ attorneys use contingent and defense attorneys fixed fee contracts,"
International Review of Law and Economics, Elsevier, vol. 47(C), pages 16-23.
- Winand Emons & Claude Fluet, 2013. "Why Plaintiffs' Attorneys Use Contingent and Defense Attorneys Fixed Fee Contracts," Cahiers de recherche 1338, CIRPEE.
- Winand Emons & Claude Fluet, 2013. "Why Plaintiffs' Attorneys Use Contingent and Defense Attorneys Fixed Fee Contracts," Diskussionsschriften dp1306, Universitaet Bern, Departement Volkswirtschaft.
- Emons, Winand & Fluet, Claude, 2013. "Why Plaintiffs' Attorneys Use Contingent and Defense Attorneys Fixed Fee Contracts," CEPR Discussion Papers 9727, C.E.P.R. Discussion Papers.
- Baik Kyung Hwan, 2008. "Attorneys' Compensation in Litigation with Bilateral Delegation," Review of Law & Economics, De Gruyter, vol. 4(1), pages 259-289, August.
- Baharad, Roy & Cohen, Chen & Nitzan, Shmuel, 2022. "Litigation with adversarial efforts," International Review of Law and Economics, Elsevier, vol. 69(C).
- Goerke, Laszlo & Neugart, Michael, 2015.
"Lobbying and dismissal dispute resolution systems,"
International Review of Law and Economics, Elsevier, vol. 41(C), pages 50-62.
- Goerke, Laszlo & Neugart, Michael, 2015. "Lobbying and dismissal dispute resolution systems," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 67591, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Frank H. Stephen, 2013. "Lawyers, Markets and Regulation," Books, Edward Elgar Publishing, number 14803.
- Hyde, Charles E., 2006. "Conditional versus contingent fees: Litigation expenditure incentives," International Review of Law and Economics, Elsevier, vol. 26(2), pages 180-194, June.
- Baumann, Florian & Friehe, Tim, 2014. "On discovery, restricting lawyers, and the settlement rate," DICE Discussion Papers 155, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Nuno Garoupa & Fernando Gómez, 2002. "Cashing by the hour: Why large law firms prefer hourly fees over contingent fees," Economics Working Papers 639, Department of Economics and Business, Universitat Pompeu Fabra.
- Cotten, Stephen J. & Santore, Rudy, 2012. "Contingent fee caps, screening, and the quality of legal services," International Review of Law and Economics, Elsevier, vol. 32(3), pages 317-328.
- Yannick Gabuthy & Pierre-Henri Morand, 2019.
"Lawyer Fee Arrangements and Litigation Outcomes: An Auction-Theoretic Perspective,"
Working Papers of BETA
2019-03, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Yannick Gabuthy & Pierre-Henri Morand, 2019. "Lawyer Fee Arrangements and Litigation Outcomes : An Auction-Theoretic Perspective," Working Papers hal-01973660, HAL.
More about this item
Keywords
Contingent fees; Fee-shifting; British rule; Litigation contest; K 41;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:pubcho:v:150:y:2012:i:3:p:499-510. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.