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Mill, Wladislaw; Stäbler, Jonathan - 2023

This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and settlement requests are higher for more spiteful...

Persistent link: https://www.econbiz.de/10014260383

The Economics of Platform Liability

Lefouili, Yassine; Madio, Leonardo - 2021

online platforms. In this paper, we provide an economic appraisal of platform liability that highlights the effects of a … stricter liability rule on several key variables such as prices, terms and conditions, business models, and investments. We … also discuss the impact of the liability regime applying to online platforms on competition between them and the incentives …

Persistent link: https://www.econbiz.de/10013243238

Compensation in Personal Injury Cases : Mean or Median Income?

Danziger, Leif - 2019

percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …

Persistent link: https://www.econbiz.de/10012866040

Platform Liability and Innovation

Jeon, Doh-Shin; Lefouili, Yassine; Madio, Leonardo - 2022

the presence of such products on innovation and consumer welfare. For a given number of buyers, platform liability … interests between innovators and buyers. Furthermore, platform liability can have unintended consequences, which overturn the … intended effect on innovation. Platform liability tends to increase (decrease) innovation and consumer welfare when the …

Persistent link: https://www.econbiz.de/10014244021

Do Judges Hate Speculators?

Hornuf, Lars - 2019

Historically, people have often expressed negative feelings toward speculators, a sentiment that might have even been reinforced since the latest financial crisis, during which taxpayer money was warranted or spent to bail out reckless investors. In this paper, we conjecture that judges may also...

Persistent link: https://www.econbiz.de/10012892211

Rules of proof, courts, and incentives

Demougin, Dominique M.; Fluet, Claude - 2007

We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...

Persistent link: https://www.econbiz.de/10010273769

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

Shareholder Liability and Bank Failure

Aldunate, Felipe; Jenter, Dirk; Korteweg, Arthur; … - 2021

Does enhanced shareholder liability reduce bank failure? We compare the performance of around 4,200 state …-regulated banks of similar size in neighboring U.S. states with different liability regimes during the Great Depression. The distress … rate of limited liability banks was 29% higher than that of banks with enhanced liability. Results are robust to a diff …

Persistent link: https://www.econbiz.de/10013220132

Politics from the Bench? Ideology and Strategic Voting in the U.S. Supreme Court

Clark, Tom - 2019

Supreme Court justices often vote along ideological lines. Is this due to a genuinely different interpretation of the law, or does it reflect justices' desire to resolve politically charged legal questions in accordance with their personal views? To learn more about the nature of decision-making...

Persistent link: https://www.econbiz.de/10012892311

Old George Orwell got it backward : some thoughts on behavioral tax economics

Slemrod, Joel - 2009

It is entirely appropriate that the study of public finance take seriously behavioral" inconsistencies with traditional models of individual and collective decision-making. This raises the question of whether the state should play a role in protecting individuals from themselves, and whether...

Persistent link: https://www.econbiz.de/10010276630