Two main results have been obtained on the literature on contractual solutions to the hold-up problem. First, a contract specifying a price and quantity of the final good to be traded will, fairly generally, induce efficient investments if these are `selfish' in nature, i.e., each party's...

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...

In this study, we use two new data sets on crime and victimisation in Argentina. The first of these is province-level official data over the period 1992-2002. The second data set is the crime victimization survey for the city of Buenos Aires and its main surburbs, which has been conducted...