Skip to main content
padlock icon - secure page this page is secure

Legal Advertising and Frivolous Lawsuits

Buy Article:

Price: $25.00 plus tax (Refund Policy)

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. (JEL: K13, K41, M37)
No References
No Citations
No Supplementary Data
No Article Media
No Metrics

Keywords: advertising; deterrence; frivolous lawsuits; litigation

Appeared or available online: 08 April 2018

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more