Legal expenditure as a rent-seeking game

被引：88
|
作者：
Farmer, A
Pecorino, P
机构：
[1] Univ Alabama, Dept Econ Finance & Legal Studies, Tuscaloosa, AL 35487 USA
[2] Univ Tennessee, Dept Econ, Knoxville, TN 37996 USA
来源：
PUBLIC CHOICE | 1999年 / 100卷 / 3-4期
关键词：
D O I：
10.1023/A:1018368124943
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Legal expenditures at a civil trial constitute an interesting type of rent-seeking contest. In civil litigation there is a natural interaction between the objective merits of the case and the outcome of the contest. Institutions such as fee shifting do not generally have a counterpart in other rent-seeking contests. The endogenous decision to participate in the rent-seeking contest corresponds to the decision by the plaintiff to bring a case, and the decision by the defendant to defend it. The desirability of fee shifting is very sensitive to the value of the parameter which describes the legal technology.
引用
收藏
页码：271 / 288
页数：18
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