Spain has the world’s lowest business bankruptcy rate (number of formal business bankruptcies divided by number of firms). We document this fact, analyze the Spanish institutional framework and compare it with those of other European countries. We argue that a way to organize the documented...

El mercado de la prostitución ha sido históricamente y es en la actualidad objeto de una amplia y variada gama de tratamientos legales. La literatura económica ha explorado la naturaleza de las decisiones de oferta y demanda en este mercado, tanto desde el punto de vista teórico como...

Crime in Spain is not high, by European standards, but together with immigration, crime rates have increased significantly in the last decade. The goals of this paper are (i) to evaluate empirically the extent to which there is either a negative or a positive correlation between crime and...

Specialized courts have become a key component of the legal reform packages implemented in civil law countries, particularly, in the area of family law. One argument for this policy is that they are able to reach a decision faster than the regular courts, which are normally congested. We use...

This paper analyzes the regulation of access to, and activity of, the legal and medical professions. A critical assessment is offered of the economic theory of the regulation of professions in relation to the key issues of: (a) Why regulate, (b) How to regulate, and (c) What to regulate. We...

This paper reviews the existing law and economics literature on crime, noting where various models might apply to the terror context. Specifically, it focuses on two strands of the literature, deterrence and incapacitation. Challenging the conventional application of the basic rational agent...