| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4828 |
| DP4828 Monetary Policy Uncertainty and the Stock Market | |
| Massimo Massa; Alberto Locarno | |
| 发表日期 | 2005-01-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Under contingent fees the attorney gets a share of the judgement; under conditional fees they get an upscale premium if the case is won, which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers choose between a safe and a risky litigation strategy. Under conditional fees lawyers prefer the safe strategy, under contingent fess the risky one. Risk-averse plaintiffs prefer conditional fees over contingent fees when lawyering costs are low and vice versa for high lawyering costs. |
| 主题 | Industrial Organization |
| 关键词 | Contingent fees Conditional fees Risk aversion Insurance Incentives |
| URL | https://cepr.org/publications/dp4828 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533737 |
| 推荐引用方式 GB/T 7714 | Massimo Massa,Alberto Locarno. DP4828 Monetary Policy Uncertainty and the Stock Market. 2005. |
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