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Building on evidence from neurobiology and neuroscience, we model the physiological limitations faced by individuals in the process of decision-making that starts with sensory perception and ends in action selection. The brain sets a neuronal threshold, observes whether the neuronal cell firing...
Persistent link: https://www.econbiz.de/10005656356
mechanism of dispute resolution within the framework of a disciplinary mode of administrative law within a bureaucratic … hierarchy and intermediation within social-networks. By comparing the contrasting development of the legal professions in China …
Persistent link: https://www.econbiz.de/10009024930
when the descriptive and prescriptive norms conflict. The next main question is the expressive role of law. The choices of … also what shapes social judgements and moral sentiments. Setting law thus means both imposing material incentives and … analysis, combining an informed principal with individually signaling agents, makes precise the notion of expressive law …
Persistent link: https://www.econbiz.de/10009371470
, financial markets exhibit dynamics that frequently put them in direct tension with commitments enshrined in law or contracts … self-destruction of the financial system. This law-finance paradox tends to be resolved by suspending the full force of law …
Persistent link: https://www.econbiz.de/10011084310
We analyze how the law and its enforcement affect equity market equilibrium. Improvements in the legal system, while …
Persistent link: https://www.econbiz.de/10005792541
quality of institutions, such as judicial efficiency and rule of law, but have no relationship with measures of shareholder … efficiency and rule of law, but negatively with shareholder rights' protection, controlling for risk and expected earnings growth …
Persistent link: https://www.econbiz.de/10005123538
The rise of social media has encouraged guru dreams because of the low entry barrier and highly skewed distribution of public attention that characterize social media. The pursuit of guru status, however, may be achieved through information provision or cheap talk, and competition inherent to...
Persistent link: https://www.econbiz.de/10011196033
There has been a wide-spread belief that elections with a wide franchise following removal of an oppressive dictator lead to establishment of a government that is not vulnerable to mass protest. At the same time, most of the post-World War II non-constitutional exits of recently-installed...
Persistent link: https://www.econbiz.de/10011084185
other products, of new price controls, and of possibly class action law suits. …
Persistent link: https://www.econbiz.de/10011186620
China was the largest economy in the world before the end of the 19th century; then became one of the poorest countries … in the world in a few decades. Now China is returning to its historical past. To understand China’s development, and to … understand where and how far China will move forward, this paper examines how its institution functioning. …
Persistent link: https://www.econbiz.de/10011145429