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P. Samuelson (1958)
An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of MoneyJournal of Political Economy, 66
G. Becker (1974)
A Theory of Social InteractionsJournal of Political Economy, 82
J. Newhouse (1973)
The Economics of Group PracticeJournal of Human Resources, 8
A. Leibowitz, R. Tollison (1978)
Earning and Learning in Law FirmsThe Journal of Legal Studies, 7
D. Rueschemeyer (1973)
Lawyers and their Society: A Comparative Study of the Legal Profession in Germany and in the United StatesSocial Forces, 53
Alchian (1972)
Production, Information Costs, and Economic OrganizationAER, 62
A model of team production in legal partnerships, based on the Alchian‐Demsetz theory of the firm, is developed and tested empirically in this paper. An estimate of the optimal law‐firm size for controlling costly free riding behavior in partnerships is derived. Finally, some survivorship evidence on law‐firm sizes, some comparisons of legal and medical group practices, and some thoughts on the role of the sole proprietor in the market for legal services are presented.
Economic Inquiry – Wiley
Published: Jul 1, 1980
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