Pragmatic and effective research on corporate governance often turns critically on appreciating the legal institutions surrounding corporate entities—yet such nuances are often unfamiliar or poorly specified to economists and other social scientists without legal training. This chapter...

In this paper, we conduct an empirical analysis of the impact of better judicial enforcement on the probability of being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel Survey of Consumers, conducted by the Institute for Research...

In this essay, we discuss empirical research on the economic effects of the civil justice system. We discuss research on the effects of three substantive bodies of law—contracts, torts, and property—and research on the effects of the litigation process. We begin with a review of studies of...

This chapter surveys major issues arising in the economic analysis of contract law. It begins with an introductory discussion of scope and methodology, and then addresses four main topics that correspond to the major doctrinal divisions of the law of contracts. These divisions include freedom of...

Behavioral economics has been a growing force in many fields of applied economics, including public economics, labor economics, health economics, and law and economics. This paper describes and assesses the current state of behavioral law and economics. Law and economics had a critical (though...

This article considers the consequence of incomplete contracts that arise due to difficulties in precisely describing potentially relevant contingencies. Unlike much of the literature, this article concludes that the resulting incompleteness could often be immaterial with respect to economic...

Economic models routinely assume firms maximize shareholder wealth; however common law legal systems only require that officers and directors pursue the interests of the corporation, leaving this ill-defined. Economic arguments for shareholder wealth maximization derived from shareholders'...

Das deutsche System der industriellen Beziehungen weist im internationalen Vergleich gemeinhin ein hohes Mass an Verrechtlichung auf. Umso ueberraschender ist der Umstand, dass das Recht und seine Akteure, Institutionen und Verfahren in der Forschung ueber Arbeitsbeziehungen seit Jahrzehnten...

Dieser rechtssoziologische Beitrag untersucht den geringen Grad der Inanspruchnahme arbeitsrechtlicher Schutzangebote im Feld der unter- und undokumentierten Beschaeftigung von Migrant/innen. Analysiert werden Rahmenbedingungen und Prozesslogik der Mobilisierung von Arbeitsrecht mit Fokus auf...