We surveyed academic economists on their experiences and perceptions of legal consulting. Nearly two-thirds have consulting experience and 40 percent have consulted within the last five years. Base hourly rates average $244, with a median of $200. Women are less likely than men to have served as...

This book compares the approaches of consultants and academic advisers and provides an in-depth analysis of their advice argumentation. Both compete on the market for economic advice, with consultants enjoying a larger market share and usually obtaining higher fees. However, academics criticize...