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the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and …This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under … settlement requests are higher for more spiteful participants. The relative increase in litigation expenditures due to spite is …
Persistent link: https://www.econbiz.de/10013555697
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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/10011936293
A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of …
Persistent link: https://www.econbiz.de/10009781653
study how the timing of settlement is shaped by the stages and features of the litigation process. Using competing risk …
Persistent link: https://www.econbiz.de/10011343069
We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the interchange fee can enhance the participation to the...
Persistent link: https://www.econbiz.de/10011538993
This paper studies the aggregate and distributional implications of introducing tuition fees for public education services into a tax system with income and consumption taxes. The setup is a neoclassical growth model where agents differ in capital holdings. We show that the introduction of...
Persistent link: https://www.econbiz.de/10011500172
This paper provides an economic explanation for the increasing reliance of the state on revenue from user charges on … country chooses a strictly positive price on the public good. With quasi-linear preferences, the reliance on user charges is …
Persistent link: https://www.econbiz.de/10011402456
centralized solution. In addition the regions have strategic incentives to set user charges. If the regional spillover goods are …
Persistent link: https://www.econbiz.de/10011402495
Persistent link: https://www.econbiz.de/10011402671