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Gennaioli, Nicola - 2005

We evaluate Richard Posner's famous hypothesis that common law converges to efficient legal rules using a model of precedent setting by appellate judges. Following legal realists, we assume that judicial decisions are subject to personal biases, and that changing precedent is costly to judges....

Persistent link: https://www.econbiz.de/10012467420

Legal Origins

Glaeser, Edward L. - 2001

A central requirement in the design of a legal system is the protection of law enforcers from coercion by litigants through either violence or bribes. The higher the risk of coercion, the greater the need for protection and control of law enforcers by the state. This perspective explains why, in...

Persistent link: https://www.econbiz.de/10012470452

Fiscal federalism : quantitative studies; [Papers presented at a conference held at Halloran House in New York City, 10. - 11. April, 1988]

Rosen, Harvey S. (ed.) - 1988

Persistent link: https://www.econbiz.de/10000744698

Federalism and Takeover Law : The Race to Protect Managers from Takeovers

Bebchuk, Lucian Arye - 2000

This paper analyzes certain important shortcomings of state competition in corporate law. In particular, we show, with respect to takeovers, states have incentives to produce rules that excessively protect incumbent managers. The development of state takeover law, we argue, is consistent with...

Persistent link: https://www.econbiz.de/10012471028

Federalism with and without Political Centralization : China versus Russia

Blanchard, Olivier - 2000

researchers have argued that federalism could play a central role in development. We agree, but with an important caveat. We …

Persistent link: https://www.econbiz.de/10012471154

Why Are Some Recoveries Short and Others Long?

Leamer, Edward E. - National Bureau of Economic Research - 2021

Using the recession recovery point equal to the month when private payrolls first exceeded their previous peak level, this paper argues that it was the negative secular trend in manufacturing jobs that was the most important determinant of the length and depth of the last three...

Persistent link: https://www.econbiz.de/10012599272

Tracking Weekly State-Level Economic Conditions

Baumeister, Christiane; Leiva-Leon, Danilo; Sims, Eric R. - National Bureau of Economic Research - 2021

In this paper, we develop a novel dataset of weekly economic conditions indices for the 50 U.S. states going back to 1987 based on mixed-frequency dynamic factor models with weekly, monthly, and quarterly variables that cover multiple dimensions of state economies. We show that there is...

Persistent link: https://www.econbiz.de/10012599293

Assistance to the Poor in a Federal System

Brown, Charles - 1985

This paper explores the roles of different levels of government in assisting the poor. Using a model with utility interdependence, the paper presents some theoretical results on how levels of poor relief vary with the extent of mobility of the poor under both centralized and decentralized...

Persistent link: https://www.econbiz.de/10012477364

Wages in the Federal and Private Sectors

Venti, Steven F. - 1985

This study addresses the legal principle of "comparability" that ties federal sector wages to wages in the private sector. We first examine comparability by determining if workers with similar observed and unobserved characteristics receive the same wages in each sector. Estimates based on data...

Persistent link: https://www.econbiz.de/10012477439

Education, Welfare, and the "New" Federalism : State Budgeting in a Federalist Public Economy

Craig, Steven G. - 1985

President Reagan's proposal for a "New Federalism" raises a fundamental challenge to our current structure of Federal …-state-local fiscal relations.This research examInes the lIkely consequences of the New Federalism for fiscal allocations by state … and more on tax relief and the numerous other state activities. Second, the New Federalism, as it relaxes the spending …

Persistent link: https://www.econbiz.de/10012477523