Similar Search Results

What Explains Sovereign Debt Litigation?

Schumacher, Julian - 2015

We study the occurrence of holdout litigation in the context of sovereign defaults. The number of creditor lawsuits against foreign governments has strongly increased over the past decades, but there is a large variation across crisis events. Why are some defaults followed by a “run to the...

Persistent link: https://www.econbiz.de/10013023181

Punitive Police? Agency Costs, Law Enforcement, and Criminal Procedure

Dharmapala, Dhammika - 2015

Criminal law enforcement depends on the actions of public agents such as police officers, but the resulting agency problems have been neglected in the law and economics literature (especially outside the specific context of corruption). We develop an agency model of police behavior that...

Persistent link: https://www.econbiz.de/10013023194

Optimal Law Enforcement with Sophisticated and Naive Offenders

Buechel, Berno - 2018

Research in criminology has shown that the perceived risk of apprehension often differs substantially from the true level. To account for this insight, we extend the standard economic model of law enforcement (Becker, 1968) by considering two types of offenders, sophisticates and naïves. The...

Persistent link: https://www.econbiz.de/10012913196

The Interaction of Legal and Social Norm Enforcement

Kube, Sebastian - 2010

Although legal sanctions are often non-deterrent, we frequently observe compliance with ‘mild laws'. A possible explanation is that the incentives to comply are shaped not only by legal, but also by social sanctions. This paper employs a novel experimental approach to study the link between...

Persistent link: https://www.econbiz.de/10013142143

Patent Pools, Litigation and Innovation

Choi, Jay Pil; Gerlach, Heiko A. - 2021

This paper analyzes patent pools and their effects on innovation incentives. It is shown that the pro-competitive effects of patent pools for complementary patents naturally extend for dynamic innovation incentives. However, this simple conclusion may not hold if we entertain the possibility...

Persistent link: https://www.econbiz.de/10013315713

Optimal Liability Sharing and Court Errors : An Exploratory Analysis

Boyer, Marcel - 2013

We focus in this paper on the effects of court errors on the optimal sharing of liability between firms and financiers, as an environmental policy instrument. Using a structural model of the interactions between firms, financial institutions, governments and courts we show, through numerical...

Persistent link: https://www.econbiz.de/10013094666

Social Capital and the Status Externality

Itaya, Jun-ichi - 2018

This paper investigates how the presence of social capital affects the externality arising from status-seeking preference as a parable for inefficient antagonistic behavior. It is assumed that the stock of social capital is accumulating through joint social interaction between rational...

Persistent link: https://www.econbiz.de/10012927000

Divided Government Versus Incumbency Externality Effect - Quasi-Experimental Evidence on Multiple Voting Decisions

Ade, Florian - 2012

the findings can be related to an incumbency externality effect and to the theory of voter preferences for divided …

Persistent link: https://www.econbiz.de/10013112896

Ex-Post Redistribution in a Federation : Implications for Corrective Policy

Koethenbuerger, Marko - 2006

This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...

Persistent link: https://www.econbiz.de/10012779700

Subsidizing National Champions : An Evolutionary Perspective

Aubert, Cecile - 2008

externalities appear along the lifecycle. In a simple model, we show that it may be efficient to subsidize innovative firms in their … early stages or to protect mature firms from competition to appropriate these externalities. However, non …-benevolent politicians may not choose efficient policies. Real-world examples indicate that politicians tend to concentrate on externalities …

Persistent link: https://www.econbiz.de/10012770493

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