This paper introduces a model of litigation in a growth framework. Investors use litigation to enforce their financial … contracts with entrepreneurs. A contest ensues in which both agents hire lawyers to increase their probability of winning the … trial. The issue and the cost of the contest determine how much investors are willing to lend. More lawyers are hired when …

We present a model where divorcing spouses can choose to hire lawyers in their divorce process. Spouses encounter … incentives as in the classical prisoners' dilemma: Despite the zero sum nature of the game and the lawyers' fees, each spouse has … an incentive to hire a lawyer. We propose a simple institutional setting allowing for joint lawyers in order to overcome …

litigation costs and allow us to compute the pay-off matrix. We do not find evidence of a prisoner's dilemma, given that the …

3) a decrease in the length of the litigation proceedings. The random assignment of district judges to cases provides …

We present a model where divorcing spouses can choose to hire lawyers in their divorce process. Spouses encounter … incentives as in the classical prisoners’ dilemma: Despite the zero sum nature of the game and the lawyers’ fees, each spouse has … an incentive to hire a lawyer. We propose a simple institutional setting allowing for joint lawyers in order to overcome …

We present a model where divorcing spouses can choose to hire lawyers in their divorce process. Spouses encounter … incentives as in the classical prisoners’ dilemma: Despite the zero sum nature of the game and the lawyers’ fees, each spouse has … an incentive to hire a lawyer. We propose a simple institutional setting allowing for joint lawyers in order to overcome …

litigation costs and allow us to compute the pay-off matrix. We do not find evidence of a prisoner’s dilemma, given that the …

extent of litigation. For instance, Spain has more litigation and more lawyers per capita than most OECD countries. How …There is empirical evidence of a cross-country positive association between the number of lawyers per capita and the …