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Legislation, regulation and litigation : demand for U.S. legal services in historical perspective

Reshef, Ariell; Slattery, Cailin - 2025

during 1850–1970 and after 1990. The relative wage of lawyers and law firm partners also doubled between 1970 and 1990. We … with this, we find that employment and compensation of lawyers are tightly correlated with federal regulation, fee …-level analysis. Other factors, e.g., changes in lawyers’ quality, industrial composition and technology are not important …

Persistent link: https://www.econbiz.de/10015197274

Medieval universities, legal institutions, and the commercial revolution

Cantoni, Davide; Yuchtman, Noam - 2013

We present new data documenting medieval Europeś "Commercial Revolution" using information on the establishment of markets in Germany. We use these data to test whether medieval universities played a causal role in expanding economic activity, examining the foundation of Germanyś first...

Persistent link: https://www.econbiz.de/10010199411

Is it the gums, teeth or the bite? : effectiveness of dimensions of enforcement in curbing corruption

Capasso, Salvatore; Goel, Rajeev K.; Saunoris, James W. - 2018

Adding a new dimension to determinants of corruption, this paper examines the effectiveness of enforcement in reducing corruption. We compare the influences of latent enforcement (police, judicial, and prosecutorial employment) versus actual enforcement (conviction rates) and enforcing...

Persistent link: https://www.econbiz.de/10011926324

Do judges hate speculators?

Hornuf, Lars; Klöhn, Lars - 2018 - This version: November 18, 2018

decision making. We asked 123 professional lawyers and 247 law students in Germany this question, and they clearly predicted … bias. In another sample of 170 professional lawyers, we found weak support for an anti-speculator bias. This evidence … that a communication problem exists between lawyers and non-lawyers (i.e. between judges and the general public), we find …

Persistent link: https://www.econbiz.de/10011936293

Autonomous vehicles : moral dilemmas and adoption incentives

Feess, Eberhard; Mühlheußer, Gerd - 2022

In unavoidable traffic accidents, autonomous vehicles (AVs) face the dilemma of protecting either the passenger(s) or third parties. Recent studies show that most people prefer AVs following a utilitarian approach by minimizing total harm. At the same time, however, they would adopt an AV only...

Persistent link: https://www.econbiz.de/10013285505

International environmental agreements with uncertainty, learning and risk aversion

Finus, Michael; Pintassilgo, Pedro; Ulph, Alistair - 2014

This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success of IEA formation when countries are risk neutral and...

Persistent link: https://www.econbiz.de/10010234539

A theory of reciprocity

Falk, Armin; Fischbacher, Urs - 2001

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...

Persistent link: https://www.econbiz.de/10011398368

Appropriating the commons : a theoretical explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - 2001

In this paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...

Persistent link: https://www.econbiz.de/10011398786

Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001

The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation...

Persistent link: https://www.econbiz.de/10011399147

The third generation (UMTS) spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...

Persistent link: https://www.econbiz.de/10011400807