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A Contagious Malady? Open Economy Dimensions of Secular Stagnation

Eggertsson, Gauti B. - 2016

examine the effect of capital flows on the transmission of stagnation. In a world with a low natural rate of interest, greater …

Persistent link: https://www.econbiz.de/10012456376

Financial Frictions in Production Networks

Bigio, Saki - 2016

We study how an economy's production structure determines the response of aggregate output and employment to sectoral financial shocks. In our framework, economic production is organized in an input-output network in which firms face financial constraints on their working capital. We show how...

Persistent link: https://www.econbiz.de/10012456463

Competition Laws, Governance, and Firm Value

Levine, Ross; Chen, Lin; Xie, Wensi - National Bureau of Economic Research - 2021

Do antitrust laws influence corporate valuations? We evaluate the relationship between firm value and laws limiting firms from engaging in anticompetitive agreements, abusing dominant positions, and conducting M&As that restrict competition. Using firm-level data from 99 countries over the...

Persistent link: https://www.econbiz.de/10012585392

How Law and Institutions Shape Financial Contracts : The Case of Bank Loans

Qian, Jun - 2005

We examine empirically how legal origin, creditor rights, property rights, legal formalism, and financial development affect the design of price and non-price terms of bank loans in almost 60 countries. Our results support the law and finance view that private contracts reflect differences in...

Persistent link: https://www.econbiz.de/10012467635

What Works in Securities Law?

Porta, Rafael La - 2003

We examine the effect of securities laws on stock market development in 49 countries. We find almost no evidence that public enforcement benefits stock markets, and strong evidence that laws facilitating private enforcement through disclosure and liability rules benefit stock markets

Persistent link: https://www.econbiz.de/10012468815

Courts : the Lex Mundi Project

Djankov, Simeon - 2002

In cooperation with Lex Mundi member law firms in 109 countries, we measure and describe the exact procedures used by litigants and courts to evict a tenant for non-payment of rent and to collect a bounced check. We use these data to construct an index of procedural formalism of dispute...

Persistent link: https://www.econbiz.de/10012469824

Dumping and Antidumping Duties

Blonigen, Bruce A. - 2015

The majority of the world's countries have antidumping (AD) statutes in place, hundreds of AD actions occur annually … its successor, the World Trade Organization. AD's unique characteristics along with its high incidence of use make it a …

Persistent link: https://www.econbiz.de/10012457096

Piracy and Copyright Enforcement Mechanisms

Danaher, Brett - 2013

Much debate exists around the impact that illegal file sharing may have on the creative industries. Similarly, opinions differ regarding whether the producers of artistic works should be forced to accept any weakening of intellectual property rights resulting from illegal file sharing, or if...

Persistent link: https://www.econbiz.de/10012459512

From Wild West to the Godfather : Enforcement Market Structure

Anderson, James E. - 2001

Weak states enable private enforcement but it does not always fade away in the presence of strong states. We develop a general equilibrium model of the market organization of enforcers (self-enforcers, competitive specialized enforcers or monopoly) who defend endowments from predators. We...

Persistent link: https://www.econbiz.de/10012470249

The Economic Theory of Public Enforcement of Law

Polinsky, A. Mitchell - 1999

This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors …, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory … examine a variety of extensions of the central theory, concerning accidental harms, costs of imposing fines, errors, general …

Persistent link: https://www.econbiz.de/10012471807