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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 …
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litigation costs and allow us to compute the pay-off matrix. We do not find evidence of a prisoner's dilemma, given that the …
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empirical evidence of a cross-country positive association between the number of lawyers per capita and the extent of litigation …. For instance, Spain has more litigation and more lawyers per capita than most OECD countries. How should this association …
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Victims want to collect damages from injurers. Cases differ with respect to the judgment. Attorneys observe the expected judgment, clients do not. Victims need an attorney to sue; defense attorneys reduce the probability that the plaintiff prevails. Plaintiffs' attorneys offer contingent fees...
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The appellate review system is intended to serve as an efficient remedy for imperfect judicial decision making. However, it can fulfill this task only when appeals are filed solely due to bad verdicts and are ex-ante unpredictable based on factors that are exogenous to the judge. Using data from...
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