We investigate the effects of restrictive asylum policies on the number and group composition of asylum seekers. We model the choices of refugees and traffickers about whether to migrate and to apply for asylum. Counter-intuitively, restrictive asylum policies do not lead to a reduction in the...

Most markets are characterized by imperfections, mostly market power and limited information. Under these circumstances, intermediaries like real estate agents and insurance brokers play an important role in the economy by facilitating exchange between third parties. As specialized entities they...

Legal processes have a theatrical component to them. They offer an audience (the spectators) and actors (the legal parties, lawyers, as well as the jury and judge) who perform a play on the stage of the courtroom. In this paper we focus on the role of the jury, which appears to be simultaneously...

Criminal investigation and prosecution of politicians, top civil servants and other public figures are topics frequently discussed in the media. The nature of the investigating or prosecuting authority varies between countries; from the general public prosecutor, through magistrates to...

The Condorcet jury-theorem is derived from the implicit assumption that jury members may only commit one type of error. In binary decision situations however, two error types may occur, the probability of which is independent of each other. Taking this into account leads to a generalization of...

We present, for the first time, a model of recent institutional developments in litigation funding across several European jurisdictions. Recognizing the financing constraints that British cost rules may impose on litigants, these new contractual arrangements combine contingency fees with third...

Hanns Prüttings Nutzen und Schaden der ZPO-Gesetzgebung" fasst die Bemü-hungen zu einer ökonomischen Evaluation der vielen Maßnahmen zur Reform des Zivilprozesses im Jahr 2002 zusammen. Eine befriedigende Evaluation muss dabei zunächst die ökonomischen Zielgrößen benennen, die durch das...