Browsing College of Arts and Science by Subject "Agency"

Now showing items 1-2 of 2

    • Clients, Lawyers, Second Opinions, and Agency 
      Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2010)
      We model the game between an informed seller (a lawyer) and an uninformed buyer (a potential client) over the choice of compensation for the lawyer to take a case to trial, when there is post-contracting investment by the ...
    • Search, Bargaining, and Agency in the Market for Legal Services 
      Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2011)
      We show that, in the context of the market for a professional service, adverse selection problems can sufficiently exacerbate moral hazard considerations so that even though all agents are risk neutral, welfare can be ...