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
Pages
-386
From page
387
To page
0
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
Serial Year
2001
Journal title
Economics Letters
Record number
21721
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