Emons, Winand (December 2004). Playing It Safe with Low Conditional Fees versus Being Insured by High Contingent Fees (Discussion Papers 04-19). Bern: Department of Economics
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Under contingent fees the attorney gets a share of the judgment; under conditional fees he gets 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.
Item Type: |
Working Paper |
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Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Economics |
UniBE Contributor: |
Emons, Winand |
Subjects: |
300 Social sciences, sociology & anthropology > 330 Economics |
Series: |
Discussion Papers |
Publisher: |
Department of Economics |
Language: |
English |
Submitter: |
Lars Tschannen |
Date Deposited: |
21 Sep 2020 09:43 |
Last Modified: |
05 Dec 2022 15:39 |
JEL Classification: |
D82, K1 |
BORIS DOI: |
10.7892/boris.145652 |
URI: |
https://boris.unibe.ch/id/eprint/145652 |
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