"Divorce and the Excess Burden of Lawyers"
, Working Paper No. 0713, Department of Economics, Johannes Kepler University, Linz, 7-2007
Divorce and the Excess Burden of Lawyers
Sprache des Titels:
We present a model where divorcing spouses can choose to hire lawyers in their divorce process. Spouses encounter incentives as in the classical prisoners’ dilemma: Despite the zero sum nature of the game and the lawyers’ fees, each
spouse has an incentive to hire a lawyer. We propose a imple institutional setting allowing for joint lawyers in order to overcome this socially inefficient situation. This model is estimated and tested with rich micro-data from court records. Employing a multiple treatment matching procedure we estimate the causal effect of lawyers on the division of matrimonial property, on the length of the divorce process and on the quality of the divorce settlement.
Sprache der Kurzfassung:
Working Paper No. 0713
Department of Economics, Johannes Kepler University, Linz