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Sharing the Fame but Taking the Blame: When Declaring a Single Person Responsible Solves a Free Rider Problem
Li, Xinyu; Schnedler, Wendelin - 2024
Teams are formed because input from different people is needed. Providing incentives to team members, however, can be diffcult. According to received wisdom, declaring all members responsible fails because real responsibility for team output 'diffuses'. But why? And why and when does formally...
Persistent link: https://www.econbiz.de/10015175227
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Producer protection legislation and termination damages in the presence of contracting frictions
Wu, Steven Y. - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10010277255
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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010271236
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How Do Insurers Price Medical Malpractice Insurance?
Black, Bernard; Traczynski, Jeffrey; Udalova, Victoria - 2022
Liability Monitor over 1990 to 2017. A number of core findings are not easily explained by standard economic theory. First, we …
Persistent link: https://www.econbiz.de/10013351931
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Strategic Bureaucratic Opacity: Evidence from Death Investigation Laws and Police Killings
Celislami, Elda; Kastoryano, Stephen; Mastrobuoni, Giovanni - 2023
Police accountability is essential to uphold the social contract. Monitoring the monitors is, however, not without difficulty. This paper reveals how police departments exploit specific laws surrounding death investigations to facilitate the underreporting of police killings. Our results show...
Persistent link: https://www.econbiz.de/10014469456
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The Role of Lawyer-Legislators in Shaping the Law: Evidence from Voting Behavior on Tort Reforms
Matter, Ulrich; Stutzer, Alois - 2015
Attorneys elected to the US Congress and to US state legislatures are systematically less likely to vote in favor of tort reforms that restrict tort litigation, but more likely to support bills that extend tort law than legislators with a different professional background. This finding is based...
Persistent link: https://www.econbiz.de/10010513195
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Compensation in Personal Injury Cases: Mean or Median Income?
Danziger, Leif; Katz, Eliakim - 2019
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...
Persistent link: https://www.econbiz.de/10012059196
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Entitled to Property: Inheritance Laws, Female Bargaining Power, and Child Health in India
Hossain, Md Shahadath; Nikolov, Plamen - 2021
Child height is a significant predictor of human capital and economic status throughout adulthood. Moreover, non-unitary household models of family behavior posit that an increase in women's bargaining power can influence child health. We study the effects of an inheritance law change, the Hindu...
Persistent link: https://www.econbiz.de/10012658077
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The Role of Lawyer-Legislators in Shaping the Law: Evidence from Voting Behavior on Tort Reforms
Matter, Ulrich; Stutzer, Alois - Institute for the Study of Labor (IZA) - 2015
Attorneys elected to the US Congress and to US state legislatures are systematically less likely to vote in favor of tort reforms that restrict tort litigation, but more likely to support bills that extend tort law than legislators with a different professional background. This finding is based...
Persistent link: https://www.econbiz.de/10011195828
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Entitled to Property: How Breaking the Gender Barrier Improves Child Health in India
Hossain, Md Shahadath; Nikolov, Plamen - 2023
Non-unitary household models suggest that enhancing women's bargaining power can influence child health, a crucial determinant of human capital and economic standing throughout adulthood. We examine the effects of a policy shift, the Hindu Succession Act Amendment (HSAA), which granted...
Persistent link: https://www.econbiz.de/10014377096