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Better Means More: Property Rights and High-Growth Aspiration Entrepreneurship
Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz - Institute for the Study of Labor (IZA) - 2009
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect...
Persistent link: https://www.econbiz.de/10005015496
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Geography vs. Institutions at the Village Level
Grimm, Michael; Klasen, Stephan - Institute for the Study of Labor (IZA) - 2008
There is a well-known debate about the roles of geography versus institutions in explaining the long-term development of countries. These debates have usually been based on cross-country regressions where questions about parameter heterogeneity, unobserved heterogeneity, and endogeneity cannot...
Persistent link: https://www.econbiz.de/10005762190
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Producer Protection Legislation and Termination Damages in the Presence of Contracting Frictions
Wu, Steven Y. - Institute for the Study of Labor (IZA) - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10005103260
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Contracts between Legal Persons
Kornhauser, Lewis A.; MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2010
Contract law and the economics of contract have, for the most part, developed independently of each other. In this essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize the economics literature on contract. The title, Contracts...
Persistent link: https://www.econbiz.de/10008765228
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Are Voluntary Agreements Better? Evidence from Baseball Arbitration
Budd, John W.; Sojourner, Aaron J.; Jung, Jaewoo - Institute for the Study of Labor (IZA) - 2014
This paper empirically examines the widespread belief that voluntarily negotiated agreements produce better long-run relationships than third-party imposed settlements, such as arbitrator decisions or court judgments. Two key outcomes are analyzed – subsequent player performance and the...
Persistent link: https://www.econbiz.de/10010761634
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Arbitration and Mediation: An Economic Perspective
Manzini, Paola; Mariotti, Marco - Institute for the Study of Labor (IZA) - 2002
the tools of game theory to analyse how different institutional settings can provide specific strategic incentives and …
Persistent link: https://www.econbiz.de/10005822338
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Lawyers as Agents of the Devil in a Prisoner's Dilemma Game: Evidence from Long Run Play
Ashenfelter, Orley; Bloom, David E.; Dahl, Gordon B. - Institute for the Study of Labor (IZA) - 2013
in wage disputes that were settled by final-offer arbitration in New Jersey. The paper also reports briefly on similar … agreeing not to hire lawyers is cheaper and does not appear to alter arbitration outcomes. …
Persistent link: https://www.econbiz.de/10010704403
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Time Preferences and Criminal Behavior
Akerlund, David; Golsteyn, Bart H.H.; Grönqvist, Hans; … - Institute for the Study of Labor (IZA) - 2014
One main motive behind lengthy prison terms for serious crime is to deter potential offenders from engaging in crime …. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals … discount future events when balancing the immediate utility of the crime and the costs of a potential future punishment. If …
Persistent link: https://www.econbiz.de/10010884153
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Assimilation, Criminality and Ethnic Conflict
Dasgupta, Indraneel; Mukherjee, Diganta - Institute for the Study of Labor (IZA) - 2014
, for distribution, ethnic conflict and crime. We develop a two-community model where such assimilation generates social …
Persistent link: https://www.econbiz.de/10010884175
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The Individual and Joint Performance of Economic Preferences, Personality, and Self-Control in Predicting Criminal Behavior
Friehe, Tim; Schildberg-Hörisch, Hannah - Institute for the Study of Labor (IZA) - 2014
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10010884182