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Lawyers as Agents of the Devil in a Prisoner's Dilemma Game : Evidence from Long Run Play
Ashenfelter, Orley - 2013
Do the parties in a typical dispute face incentives similar to those in the classic prisoner's dilemma game? In this paper, we explore whether the costs and benefits of legal representation are such that each party seeks legal representation in the hope of exploiting the other party, while...
Persistent link: https://www.econbiz.de/10013086298
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An Analysis of the Selection of Arbitrators
Bloom, David E. - 2007
This paper analyses data on union and employer rankings of different panels of arbitrators in an actual arbitration system. A random utility model of bargainer preferences is developed and estimated. The estimates indicate that unions and employers have similar preferences, in favor of lawyers,...
Persistent link: https://www.econbiz.de/10012777180
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Is the WTO Passé?
Bagwell, Kyle - 2015
The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of … preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried … economics literature on international trade agreements and argue on this basis that the WTO is not passé. Rather, and subject to …
Persistent link: https://www.econbiz.de/10013020207
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Engineering Informal Institutions : Long-Run Impacts of Alternative Dispute Resolution on Violence and Property Rights in Liberia
Hartman, Alexandra - 2018
Informal institutions govern property rights and disputes when formal systems are weak. Well-functioning institutions should help people reach and maintain bargains, minimizing violence. Can outside organizations engineer improvements and reduce violent conflicts? Will this improve property...
Persistent link: https://www.econbiz.de/10012922221
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Lawyers as Agents of the Devil in a Prisoner'S Dilemma Game
Ashenfelter, Orley; Bloom, David E. - 2021
The goal of this paper is to explore the possibility that the costs and benefits of legal representation are structured so that each individual party seeks legal representation in the hope of exploiting the other party, while knowing full well that failing to do so will open up the possibility...
Persistent link: https://www.econbiz.de/10013245317
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Disputes in International Investment and Trade
Ossa, Ralph; Staiger, Robert; Sykes, Alan - 2022
International investment agreements employ dispute settlement procedures that differ markedly from their counterparts in trade agreements along three key dimensions: standing (i.e., the right to file grievances), the nature of the remedy, and the remedial period. In the state-to-state dispute...
Persistent link: https://www.econbiz.de/10013323625
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Copyright Enforcement : Evidence from Two Field Experiments
Luo, Hong - 2016
Effective dispute resolution is important for reducing private and social costs. We study how resolution responds to changes in price and communication using a new, extensive dataset of copyright infringement incidences by firms. The data cover two field experiments run by a large...
Persistent link: https://www.econbiz.de/10012996875
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Dancing with Activists
Bebchuk, Lucian A. - 2019
An important milestone often reached in the life of an activist engagement is entering into a “settlement” agreement between the activist and the target's board. Using a comprehensive hand-collected data set, we analyze the drivers, nature, and consequences of such settlement agreements....
Persistent link: https://www.econbiz.de/10012863283
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Finance and Governance in Developing Economies
Morck, Randall - 2011
Classic Big Push industrialization envisions state planners coordinating economic activity to internalize a range of externalities that otherwise lock in a low-income equilibrium, but runs afoul of well-known government failure problems. Successful Big Push coordination may occur instead when a...
Persistent link: https://www.econbiz.de/10013128601
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Free vs. Controlled Migration : Bilateral Country Study
Razin, Assaf - 2011
This paper tests the differential effects of the generosity of the welfare state under free migration and under policy-controlled migration, distinguishing between source developing and developed countries. We utilize free-movement within the EU to examine the free migration regime and compare...
Persistent link: https://www.econbiz.de/10013129125