Showing 1 - 10 of 10
ecological ones. Taxes solve the credibility problem a monopoly supplier of licenses would face, and lead to a suboptimal low …
Persistent link: https://www.econbiz.de/10001745180
Ind ividual moral hazard engendered by health insurance and monopolistic production are both typical phenomena of drug markets. We develop a simple model containing these two elements and evaluate the market equilibrium on the basis of consumer and social welfare. The consumer welfare criterion...
Persistent link: https://www.econbiz.de/10001745192
Persistent link: https://www.econbiz.de/10002126974
In this paper, we analyze the impact of Bad Debt Loss Insurance on settlement outcomes. A huge success in a settlement or trial may turn into a disaster when the defendant goes bankrupt. "Rainmakers" face the following dilemma: the greater the success in court, the greater the defendant's...
Persistent link: https://www.econbiz.de/10002765348
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...
Persistent link: https://www.econbiz.de/10001718748
This paper analyzes the impact of FORIS contracts on litigation and settlement decisions using a simple divergent-expectations model. A FORIS contract introduces contingent fee arrangements under the British legal cost allocation rule: the plaintiff pays a percentage of his settlement or trial...
Persistent link: https://www.econbiz.de/10001725323
According to a new European Union directive, artists, whose works are resold, are entitled to a share of the sales price. The principal aim of this initiative is to let the artists participate in the economic success of their work. Our analysis shows that the new directive is most likely to...
Persistent link: https://www.econbiz.de/10001725448
European electricity markets due to the natural monopoly characteristic of the transmission network. The European Union …
Persistent link: https://www.econbiz.de/10001725500
The paper shows that Legal Cost Insurance (LCI) is a device to enhance potential litigants' bargaining position rather than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and the case goes to trial. This shifts the threat...
Persistent link: https://www.econbiz.de/10001725509
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