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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2009.8
- 수록면
- 245 - 257 (13page)
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This paper reports on a study that explores how asymmetric reimbursement rules affect effort expended in an environmental conflict. Both lawyers for a citizen group and a polluting firm work on an hourly-fee basis. The citizen group pays a monitoring cost to observe its lawyer?s effort level; whereas, the firm has either in-house legal advice or lawyers on retainer. We examine: (ⅰ) how monitoring cost decreases the citizen group lawyer?s effort level to enable the firm to be the favourite although the firm?s fault exists; (ⅱ) how the reimbursement rule can tilt the contest odds toward the citizen group; and (ⅲ) how the reimbursement rule can increase expected payoff for the citizen group and promote citizen suits. Three findings are as follows: First, the lawyer of the citizen group reduces effort as the monitoring cost of the citizen group increase so that the firm can be the contest favourite with the firm?s fault. Second, the reimbursement rule causes the citizen group to increase its lawyer?s effort level so that it leads the group to be the contest favourite relative to no reimbursement. Third, the reimbursement rule can increase the expected payoff of the citizen group that promotes the citizen suit.
목차
1. INTRODUCTION
2. A MODEL
3. A DELEGATION WITHOUT REIMBURSEMENT
4. A DELEGATION UNDER ASYMMETRIC FULL REIMBURSEMENT
5. CONCLUSION
REFERNECES
참고문헌 (22)
참고문헌 신청
1. [학술지(정기간행물)] - Savas Alpay / 2005 / Interactions among Economic Development, Openness to Trade and Environment Sustainability with a Case Study on South Korea / Korea and the World Economy 6 (1) : 67 ~ 89
2. [학술지(정기간행물)] - Baik, K. H. / 1998 / Difference-form Contest Success Functions and Effort Levels in Contests / European Journal of Political Economy : 685 ~ 701
3. [학술지(정기간행물)] - Baik, K. H / 2007 / Contingent Fees versus Legal Expenses Insurance / International Review of Law and Economics : 351 ~ 361
4. [학술지(정기간행물)] - Baik, K. H / 1994 / Environmental Conflicts with Reimbursement for Citizen Suits / Journal of Environmental Economics and Management : 1 ~ 20
5. [학술지(정기간행물)] - Clauson, H. L. / 1997 / How Far Should the Bar on Citizen Suits Extend Under Section 309 of the Clean Water Act? / Environmental Law : 967 ~ 990
2. [학술지(정기간행물)] - Baik, K. H. / 1998 / Difference-form Contest Success Functions and Effort Levels in Contests / European Journal of Political Economy : 685 ~ 701
3. [학술지(정기간행물)] - Baik, K. H / 2007 / Contingent Fees versus Legal Expenses Insurance / International Review of Law and Economics : 351 ~ 361
4. [학술지(정기간행물)] - Baik, K. H / 1994 / Environmental Conflicts with Reimbursement for Citizen Suits / Journal of Environmental Economics and Management : 1 ~ 20
5. [학술지(정기간행물)] - Clauson, H. L. / 1997 / How Far Should the Bar on Citizen Suits Extend Under Section 309 of the Clean Water Act? / Environmental Law : 967 ~ 990
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