Legal Advertising and Frivolous Lawsuits
Bibliographic Data
| ID | 24047326 |
|---|---|
| Authors | Yannick Gabuthy (0000-0002-1121-9855), Eve-Angéline Lambert (0000-0002-0491-397X), Eve‐Angéline Lambert (0000-0001-5849-833X) |
| Year | 2018 |
| Volume | 174 |
| Issue | 3 |
| Pages | 570-593 |
| Publication date | 2018-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Institutional and Theoretical Economics JITE (JOURNAL) |
| Journal identifiers | ISSN: 0932-4569 • E-ISSN: 1614-0559 |
| Publisher | Mohr Siebeck (PUBLISHER) |
| DOI | 10.1628/jite-2018-0006 |
| OpenAlex | W2953968127 |
| Language | EN |
| Citations received | 1 |
Following a recent wave of deregulation, lawyers now use a large variety of media to advertise their services. A common argument against this increasing reliance on advertising is that it might stir up frivolous lawsuits. In this article, we investigate the relevance of this argument by developing an asymmetric information game of litigation. The main results show that this stirring-up effect does not necessarily occur in equilibrium and advertising may improve welfare by decreasing the social cost of accidents. Therefore, the liberalization of legal advertising should not necessarily be considered as a threat to the efficiency of the tort system.
Advertising · Argument (complex analysis) · Business · Economics · Law and economics · Liability · Political science · Public economics · Relevance (law) · Tort · Variety (cybernetics) · Law · Law, Economics, and Judicial Systems · Legal and Constitutional Studies
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.17 |
| Citation span | 2020 - 2020 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |