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Statute law or case law? /
Anderlini, Luca; Felli, Leonardo; Riboni, Alessandro - 2008
In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably incomplete, this confers an advantage to the Statute Law regime over the Case Law one. However, all Courts rule ex-post, after most economic decisions are already taken. Therefore, the...
Persistent link: https://www.econbiz.de/10010264405
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Property Rights to the World's (Linear) Ocean Fisheries in Customary International Law
Barrett, Scott - 2023
I model the ocean as an array of lines set within a two-dimensional frame, and show how the Exclusive Economic Zone emerged as an equilibrium in customary international law. I find that custom codifies the efficient Nash equilibrium of enclosure for nearshore fisheries. For highly migratory and...
Persistent link: https://www.econbiz.de/10014346184
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International Value-Added Linkages in Development Accounting
Cuñat, Alejandro - 2018
We generalise the traditional development-accounting framework to an open-economy setting. In addition to factor …
Persistent link: https://www.econbiz.de/10012908693
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Working Time Accounts and Turnover
Launov, Andrey - 2019
Working time account is an organization tool that allows firms to smooth their demand for hours employed. Descriptive literature suggests that working time accounts are likely to reduce layoffs and inhibit increases in unemployment during recessions. In a model of optimal labour demand I show...
Persistent link: https://www.econbiz.de/10012859602
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On the Political Economy of Complexity
Nitzan, Shmuel; Procaccia, Uriel; Tzur, Joseph - 2013
Article underscores the dark side of both phenomena by focusing on the anti-competitive features of regulation and reform and …
Persistent link: https://www.econbiz.de/10010328811
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Regulating national firms in a common market
Biancini, Sara - 2008
We consider the regulation of national firms in a common market. Regulators can influence the production of national …
Persistent link: https://www.econbiz.de/10010264297
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The demands for environmental regulation and for trade in the presence of private mitigation
Hotte, Louis; Winer, Stanley L. - 2008
We study the nature of individual demands for environmental regulation and for trade openness in the general … respect to the stringency of regulation. Moreover, even though trade has the potential to benefit everyone, the poor may … oppose trade openness because of a concern that laxer environmental regulation will then be imposed in the interest of the …
Persistent link: https://www.econbiz.de/10010264525
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The political economy of regulatory risk
Strausz, Roland - 2010
This paper investigates political uncertainty as a source of regulatory risk. It shows that political parties have incentives to reduce regulatory risk actively: Mutually beneficial pre-electoral agreements that reduce regulatory risk always exist. Agreements that fully eliminate it exist when...
Persistent link: https://www.econbiz.de/10010266082
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Corruption and the shadow economy : an empirical analysis
Dreher, Axel; Schneider, Friedrich G. - 2006
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a cross-section of 120 countries and...
Persistent link: https://www.econbiz.de/10010276563
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MIMIC models, cointegration and error correction: an application to the French shadow economy
Bühn, Andreas; Schneider, Friedrich G. - 2008
The analysis of economic loss attributed to the shadow economy has attracted much attention in recent years by both academics and policy makers. Often, multiple indicators multiple causes (MIMIC) models are applied to time series data estimating the size and development of the shadow economy for...
Persistent link: https://www.econbiz.de/10010276604