The Impacts of the European Rule for Fee-Shifting on Litigation Behavior
George B. Shepherd
Emory University School of Law
BALANCING OF INTERESTS: LIBER AMICORUM PETER HAY ZUM 70. GEBURTSTAG, Hans-Eric Rasmussen-Bonne, Richard Freer, Wolfgang Luke and Wolfgang Weitnauer, eds., Verlag Recht und Wirtschaft GmbH, 2005
Emory Law and Economics Research Paper No. 06-06
In honor of the international range and sophistication of Peter Hay's scholarship, this essay examines the impact of an important procedural rule that differs in Europe and the United States: shifting of attorneys fees in litigation. Existing studies suggest that, compared to a regime of no fee-shifting as in the United States, fee-shifting will have an ambiguous affect on the amount of litigation. In contrast, my analysis suggests that fee-shifting as actually practiced in many European countries will tend unambiguously to reduce the amount of litigation. It appears that actual experience in European courts confirms this theoretical prediction.
Number of Pages in PDF File: 8
Keywords: Litigation, legal fees, fee-shifting
JEL Classification: K10, K40, K41
Date posted: December 20, 2005
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