Legal expenses insurance , risk aversion and litigation ∗

Abstract

The risks involved in litigation are well documented; they include the risk of incurring legal expenses. While much literature focuses on contingent fees as a mechanism for litigants to shift this risk, there is little work on legal expenses insurance—the dominant means of shifting this risk in Europe. In our model, a risk averse plaintiff may purchase… (More)

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Cite this paper

@inproceedings{Heyes2002LegalEI, title={Legal expenses insurance , risk aversion and litigation ∗}, author={Anthony Heyes and Neil Rickman and Dionisia Tzavara}, year={2002} }