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Transitivity is a fundamental requirement for consistency. Legal systems, especially when composed over time and by different agencies, may encounter non-transitive cycles. This paper discusses a new solution to such cycles, namely setting the hierarchy of the relevant rules or preferences. The...
Persistent link: https://www.econbiz.de/10008783613
Transitivity is a fundamental requirement for consistency. Legal systems, especially when composed over time and by different agencies, may encounter non-transitive cycles. This paper discusses a new solution to such cycles, namely setting the hierarchy of the relevant rules or preferences. The...
Persistent link: https://www.econbiz.de/10008857476
Persistent link: https://www.econbiz.de/10009787449
Persistent link: https://www.econbiz.de/10010231105
Lawyers' Contingent Fee (CF) rates are rather uniform, often one-third of the recovery. Arguably, this uniformity is a type of anti-competitive price-fixing, which results in clients paying supra-competitive fees. This paper challenges this argument. It shows that uniform CF rates provide...
Persistent link: https://www.econbiz.de/10013007081