Sévi, Benoît; Yafil, Fabrice - In: Economics Bulletin 4 (2005) 6, pp. 1-8
Considering self-protection, it is a well-known result that an increase in risk aversion does not unambiguously lead to a higher level of effort. In this paper, we consider a particular case of self-protection, the choice of a lawyer, assuming a positive relation between legal expenses and...