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LAW ENFORCEMENT UNDER INCOMPLETE LAW: Theory and Evidence from Financial Market Regulation

Pistor, Katharina; Xu, Chenggang - Econometric Society - 2004

This paper studies the design of law-making and law enforcement institutions based on the premise that law is inherently incomplete. Under incomplete law, law enforcement by courts may suffer from deterrence failure, defined as the socialwelfare loss that results from the regime's inability to...

Persistent link: https://www.econbiz.de/10005342313

Workers, Warriors and Criminals: Social Conflict in General Equilibrium

Bó, Pedro Dal; Bó, Ernesto Dal - Econometric Society - 2004

We offer a simple general equilibrium model to analyze how economy-wide forces (i.e. shocks to terms of trade, technology and endowments) will affect the intensity of social conflict over the distribution of resources. Examples of conflict activities range from crime to civil war. We show that...

Persistent link: https://www.econbiz.de/10005063727

Globalization, Migration and Development: The Role of Mexican Migrant Remittances

Córdova, Ernesto López - Econometric Society - 2004

role of international migration has been under-emphasized. In an effort to contribute toward filling that gap, it presents … poverty. These results are confirmed when we look at migration propensity instead of remittance flows. The econometric … exercises control for the likely endogeneity between remittances and migration variables, on the one hand, and developmental …

Persistent link: https://www.econbiz.de/10005328901

Migration, Trade and FDI in Mexico

Maloney, William; Aroca, Patricio - Econometric Society - 2004

Part of the rationale for NAFTA was that it would increase trade and FDI flows, creating jobs and reducing migration to … mechanism behind these predictions using data on migration within Mexico where the census data permit careful analysis. We offer … the first specifications for migration within Mexico incorporating measures of cost of living, amenities and networks …

Persistent link: https://www.econbiz.de/10005328908

Moving to Nice Weather

Rappaport, Jordan - Econometric Society - 2004

U.S. residents, both old and young, have been moving en masse to places with nice weather. Well known is the migration …

Persistent link: https://www.econbiz.de/10005130222

Do Migration Restrictions Matter?

Ventura, Gustavo; Klein, Paul - Econometric Society - 2004

Migration restrictions are pervasive and severe. Their worldwide enactment starting in the 1920's constituted a … international migration? We answer this question in a life-cycle model of the world economy in which capital is endogenously …

Persistent link: https://www.econbiz.de/10005063583

Trade and Migration to New Zealand

Law, David; Bryant, John; Genc, Murat - Econometric Society - 2004

1981 to 2001. Previous studies of trade and migration have not dealt satisfactorily with problems of unobserved …

Persistent link: https://www.econbiz.de/10005063646

The Harris-Todaro Labor Allocation Mechanism as an Evolutionary Game

Silveira, Jaylson Jair da; Sanson, Joao Rogerio - Econometric Society - 2004

affected by migration. Besides, the worker is myopic in forming expectations, having only one period as the planning horizon …

Persistent link: https://www.econbiz.de/10005699584

On the Discretion of Adjudicators

Shavell, Steven - Econometric Society - 2004

A possible view of the role of an adjudicator is that it is to obtain the information that is needed to apply a well-articulated legal rule. That is, the task of an adjudicator in a case is to gather and verify the information that is called for to employ a legal rule, but that once the required...

Persistent link: https://www.econbiz.de/10005342203

Secrecy and Safety

Reinganum, Jennifer F.; Daughety, Andrew F. - Econometric Society - 2004

We employ a simple two-period model to show that the use of confidential settlement as a strategy for a firm facing tort litigation leads to lower average product safety than that which would be produced if a firm were committed to openness. Moreover, confidentiality can even lead to declining...

Persistent link: https://www.econbiz.de/10005702632