Title of article :
Legal cost insurance and social welfare
Author/Authors :
Velthoven، Ben van نويسنده , , Wijck، Peter van نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2001
Abstract :
Private legal cost insurance can come into being even when all individuals are risk-neutral, as being insured strengthens the strategic position of victims vis-à-vis potential injurers. Legal cost insurance may increase social welfare, but need not do so.
Keywords :
Distance , translation , Homotheticity , Directional , Function
Journal title :
Economics Letters
Journal title :
Economics Letters
