Showing 1 - 10 of 53
interventions, the freeze on transfers and the training, improved police effectiveness and public and crime victims’ satisfaction … be reformed through incremental administrative change. The police department of the state of Rajasthan, India … collaborated with researchers at US and Indian universities to design and implement four interventions to improve police …
Persistent link: https://www.econbiz.de/10011084513
The game-theoretic bargaining literature insists on non-cooperative bargaining procedure but allows 'cooperative' implementation of agreements. The effect of this is to allow free-reign of bargaining power with no check upon it. In reality, courts cannot implement agreements costlessly, and...
Persistent link: https://www.econbiz.de/10005662212
What determines the enforcement of deregulation reform of business activities? What are the outcomes of deregulation … variation. 2) The enforcement of deregulation reform was better in regions with a transparent government, low corruption, better …
Persistent link: https://www.econbiz.de/10005667109
This paper argues that the consequences of the ‘fragmentation’ of the European patent system are more dramatic than the mere prohibitive costs of maintaining a patent in force in many jurisdictions. First, detailed analysis of judicial systems in several European countries and four case...
Persistent link: https://www.econbiz.de/10005788910
Poor countries are rarely challenged in formal WTO trade disputes for failing to live up to commitments, reducing the benefits of their participation in international trade agreements. This paper examines the political-economic causes of the failure to challenge poor countries and discusses the...
Persistent link: https://www.econbiz.de/10005788988
There is a large and growing literature that studies the effects of weak enforcement institutions on economic … the allocation of investment and consumption. The general conclusion is that weak enforcement institutions impair the … workings of these markets, giving rise to various inefficiencies. But weak enforcement institutions also create incentives to …
Persistent link: https://www.econbiz.de/10005791368
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
Recent work documents that better legal institutions are associated with broader equity markets. We investigate whether international differences in legal institutions also help explain the international cross-section of expected stock returns. We document three main regularities. First, total...
Persistent link: https://www.econbiz.de/10005123538
The cost of enforcing contracts is a key determinant of market performance. We document this point with reference to the credit market in a model of opportunistic debtors and inefficient courts. According to the model, improvements in judicial efficiency should reduce credit rationing and...
Persistent link: https://www.econbiz.de/10005123567
Stricter laws require more incisive and costlier enforcement. Since enforcement activity depends both on available tax …
Persistent link: https://www.econbiz.de/10005504469