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Anderlini, Luca (contributor); Felli, Leonardo (contributor) - 2008

In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably … most economic decisions are already taken. Therefore, the advantage of flexibility for Case Law is unavoidably paired with … pairs the lack of flexibility with the ability to commit in advance to a given (forward looking) rule. This solves the time …

Persistent link: https://www.econbiz.de/10003748330

Legal institutions, innovation and growth

Anderlini, Luca; Felli, Leonardo; Immordino, Giovanni; … - 2011

excessive (greater than first-best) R&D investment and output growth. -- legal system ; commitment ; flexibility ; innovation …

Persistent link: https://www.econbiz.de/10009153886

A market for connections

Miettinen, Topi; Poutvaara, Panu - 2012

Government or company decisions on whom to hire are mostly delegated to politicians, public sector officials or human resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are delegated to decide upon. Even if bribing is ruled out,...

Persistent link: https://www.econbiz.de/10009535107

Does a change of government influence compliance with international agreements? : empirical evidence for the NATO two percent target

Blum, Johannes; Potrafke, Niklas - 2019

We examine whether changes of government influence compliance with international agreements. We investigate compliance with the NATO two percent target to which all NATO countries committed themselves during the NATO summit in Wales in 2014. The dataset includes the military expenditure by NATO...

Persistent link: https://www.econbiz.de/10011966866

Preponderance of evidence

Demougin, Dominique; Fluet, Claude - 2002

This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when evidence is imperfect and rests with the parties. We show that the preponderance of evidence' standard provides maximal incentives to exert care. This holds even though litigants...

Persistent link: https://www.econbiz.de/10011409967

Patent pools, litigation and innovation

Choi, Jay Pil; Gerlach, Heiko A. - 2013

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/10010199442

Information, uncertainty, and subjective entitlements in bargaining

Karagözoğlu, Emin; Riedl, Arno - 2010

More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...

Persistent link: https://www.econbiz.de/10003994177

Do judges hate speculators?

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

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

What explains sovereign debt litigation

Schumacher, Julian; Trebesch, Christoph; Enderlein, Henrik - 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/10010512583

Inside post-socialist courts : the determinants of adjudicatory outcomes in Slovenian commercial disputes

Dimitrova-Grajzl, Valentina; Grajzl, Peter; Zajc, Katarina - 2014

theory of litigation, we find that trial-based resolution is more likely when the case is complex and less likely when …

Persistent link: https://www.econbiz.de/10010383306