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Good Law and Economics Needs Better Microeconomic Models: The Case Against ‘Contingent Fees’ as Application of Agency Models to the Professions

In: The Law and Economics of Class Actions in Europe

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  • Lorenzo Sacconi

Abstract

This well-documented book discusses the power and limitations of class actions with insights and analysis from a panel of distinguished scholars. It pays special attention to the introduction and the applicability of such a legal device in European civil law countries. The book offers a broad legal and economic investigation, drawing insights from US judicial experience and giving a rigorous discussion of both the philosophical and constitutional aspects and the economic mechanisms and incentives set up by class actions.

Suggested Citation

  • Lorenzo Sacconi, 2012. "Good Law and Economics Needs Better Microeconomic Models: The Case Against ‘Contingent Fees’ as Application of Agency Models to the Professions," Chapters, in: Jürgen G. Backhaus & Alberto Cassone & Giovanni B. Ramello (ed.), The Law and Economics of Class Actions in Europe, chapter 11, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13070_11
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    Economics and Finance; Law - Academic;

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