We consider decision about the choice of a lawyer as a particular case of self-insurance-cum-protection when the lawyer's cost is repaid in case of victory. The problem was introduced by Sevi and Yafil (2005) in the context of self-protection, which requires assumption that the size of loss does not depend on effort (level of the expenditure on lawyer). In this paper we drop that assumption and...
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.