If most litigation is a costly form of redistribution, then public policy should discourage it for the

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If most litigation is a costly form of redistribution, then public policy should discourage it for the sake of economic efficiency. Compare the efficiency of the following restrictions on the market for legal services:
(a) Low damages awarded as compensation for injuries;
(b) High fees charged by the court for the filing of a legal complaint;
(c) Lawyers’ fees set by the state at a high level.

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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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