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The choice of a lawyer as a special case of self-insurance-cum-protection
We consider the problem of choosing a lawyer as a particular case of selfinsurance-cum-protection (SICP) when the lawyer's costs are covered in the case of victory. This problem was introduced by Sevi and Yafil (2005) in the context of selfprotection (SP), with the assumption that the size of a loss does not depend on the level of effort (expenditure on a lawyer). In this paper we drop that assumption and our model considers the possibility that both the loss and probability of incurring a lossdoi:10.14708/ma.v41i2.467 fatcat:bnpb3vawabe2bimgjspulp574i