Narrow search
Showing 1 - 10 of 247
Cover Image
An Alternative to the Basic Causal Requirement for Liability under the Negligence Rule
Shavell, Steven - National Bureau of Economic Research - 2023
The primary causal requirement that must be met for a negligent party to be held liable for a harm is a demonstration that the harm would not have occurred if the party had not been negligent. Thus, for a speeding driver to be found liable for harm done in a car accident, it must be shown that...
Persistent link: https://www.econbiz.de/10014287320
Cover Image
On the Law of the Household : The Principles Used by Parents in Disciplining Their Children
Shavell, Steven - National Bureau of Economic Research - 2023
I then develop a theory to explain the principles of discipline as functional for parents. The kernel of the theory is …After elaborating the theory, I comment on several related issues, including the possible influence of childhood …
Persistent link: https://www.econbiz.de/10014248008
Cover Image
Product Liability Litigation and Innovation : Evidence from Medical Devices
Galasso, Alberto; Luo, Hong - National Bureau of Economic Research - 2024
We examine the relationship between product liability litigation and innovation by systematically combining data on … product liability lawsuits with data on new product introductions in a panel dataset of leading medical device firms. We first … suggest that product liability litigation affects the rate and direction of technological progress, and that safety regulation …
Persistent link: https://www.econbiz.de/10014512069
Cover Image
The Labor Effects of Pro-labor Bias in Bankruptcy
Araújo, Aloisio Pessoa de; Ferreira, Rafael; Lagaras, … - National Bureau of Economic Research - 2021
Judicial decisions in bankruptcy are often influenced by the goal to preserve employment in financially distressed firms. What are the effects of these pro-labor decisions on workers' earnings and employment trajectories? We construct a new court-level measure of pro-labor bias based on the text...
Persistent link: https://www.econbiz.de/10012510519
Cover Image
The Effect of Principal Reduction on Household Distress : Evidence from Mortgage Cramdown
Cespedes, Jacelly C.; Parra, Carlos R.; Sialm, Clemens - National Bureau of Economic Research - 2021
Mortgage cramdown enabled bankruptcy judges to discharge the underwater portion of a mortgage during Chapter 13 bankruptcy before the Supreme Court disallowed this practice in 1993. We exploit the random assignment of cases to judges to quantify the ex-post effects of Chapter 13 bankruptcy over...
Persistent link: https://www.econbiz.de/10012585384
Cover Image
Fiscal Policy in the Age of COVID : Does it ‘Get in all of the Cracks?'
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021
We study the effects of fiscal policy in response to the COVID-19 pandemic at the firm, sector, country and global level. First, we estimate the impact of COVID-19 and policy responses on small and medium sized enterprise (SME) business failures. We combine firm-level financial data from 50...
Persistent link: https://www.econbiz.de/10012629513
Cover Image
Economic Consequences of Hospital Closures
Alexander, Diane E.; Richards, Michael R. - National Bureau of Economic Research - 2021
Hospitals anchor much of US health care and receive a third of all medical spending, including various subsidies. Nevertheless, some become insolvent and exit the market. Research has documented subsequent access problems; however, less is understood about broader implications. We examine over...
Persistent link: https://www.econbiz.de/10012599400
Cover Image
Zombie Lending : Theoretical, International and Historical Perspectives
Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - National Bureau of Economic Research - 2022
This paper surveys the theory on zombie lending incentives and the consequences of zombie lending for the real economy …
Persistent link: https://www.econbiz.de/10013190998
Cover Image
Disruption and Credit Markets
Becker, Bo; Ivashina, Victoria - National Bureau of Economic Research - 2022
We show that over the past half century innovative disruptions were central to understanding corporate defaults. In a given year, industries experiencing abnormally high VC or IPO activity subsequently see higher default rates, higher segment exits by conglomerates, and higher yields on bonds...
Persistent link: https://www.econbiz.de/10013172189
Cover Image
No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions
Merton, Robert C.; Thakor, Richard T. - National Bureau of Economic Research - 2021
This paper analyzes the costs and benefits of a no-fault-default debt structure as an alternative to the typical bankruptcy process. We show that the deadweight costs of bankruptcy can be avoided or substantially reduced through no-fault-default debt, which permits a relatively seamless transfer...
Persistent link: https://www.econbiz.de/10012482559