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Market Structure and Extortion : Evidence from 50,000 Extortion Payments

Brown, Zach Y. - 2020

How do gangs compete for extortion? Using detailed data on individual extortion payments to gangs and sales from a … leading wholesale distribution firm in El Salvador, we document new evidence on the determinants of extortion payments and the … economic costs of extortion via pass-through. We exploit a 2016 non-aggression pact between gangs to examine how collusion …

Persistent link: https://www.econbiz.de/10012482517

Most-Favored Entry Clauses in Drug Patent Litigation Settlements as a Potential Reverse Payment

Drake, Keith M.; McGuire, Thomas G. - National Bureau of Economic Research - 2022

Settlements of drug patent disputes that involve a potential payment from the brand to the generic signal a possible collusive profit split with a threat to competition, and have undergone intensive scrutiny in the literature on law and economics. A common feature of these brand-generic...

Persistent link: https://www.econbiz.de/10012938770

State-building on the Margin : An Urban Experiment in Medellin

Blattman, Christopher; Duncan, Gustavo; Lessing, Benjamin; … - National Bureau of Economic Research - 2022

Medellin's government wanted to raise its efficacy, legitimacy, and control. The city identified 80 neighborhoods with weak state presence and competing armed actors. In half, they increased non-police street presence tenfold for two years, offering social services and dispute resolution. In...

Persistent link: https://www.econbiz.de/10012814467

An Analysis of the Selection of Arbitrators

Bloom, David E. - 1986

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/10012477134

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/10012480117

Disputes in International Investment and Trade

Ossa, Ralph - 2020

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/10012481969

Lawyers as Agents of the Devil in a Prisoner's Dilemma Game

Ashenfelter, Orley - 1993

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/10012474499

Engineering Informal Institutions : Long-run Impacts of Alternative Dispute Resolution on Violence and Property Rights in Liberia

Hartman, Alexandra C. - 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/10012453233

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/10012456592

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 trade liberalization as far as it can manage, and...

Persistent link: https://www.econbiz.de/10012457364

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