Lawyers as agents of the devil in a prisoner's dilemma game:

The goal of this paper is to explore the possibility that the costs and benefits of legal representation are structured so that each individual party seeks legal representation in the hope of exploiting the other party, while knowing full well that failing to do so will open up the possibility .of b...

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Bibliographische Detailangaben
Hauptverfasser: Ashenfelter, Orley 1942- (VerfasserIn), Bloom, David E. 1955- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, MA 1993
Schriftenreihe:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4447
Schlagworte:
Zusammenfassung:The goal of this paper is to explore the possibility that the costs and benefits of legal representation are structured so that each individual party seeks legal representation in the hope of exploiting the other party, while knowing full well that failing to do so will open up the possibility .of being exploited. The first part of the paper shows how the structure of the incentives faced by the parties may be estimated, and the second describes the results of empirical tests in several different settings. The empirical results strongly suggest that the parties do face "prisoner's dilemma" incentives, although no attempt is made to determine whether the parties respond to these interviews.
Beschreibung:30 S. graph. Darst.

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