This paper documents Hohfeld's influence on interwar American institutionalism. We will mainly focus on three leading figures of the movement: John Rogers Commons, Robert Lee Hale, and John Maurice Clark. They regarded Hohfeld's contribution on jural relations as a preliminary step toward the...

The main contribution of Coase1 is having proven that no institution is a free lunch (among others, Pagano, 2012). It means that every institution (e.g. the market and the firm) has non-null costs of functioning, i.e. transaction costs. In a world with positive transaction costs, the...

With data from 2001 to 2010 of the First Instance Courts of the Canton of Ticino, Switzerland, this paper examines the impact of Legge sull’istituzione della Pretura penale e della funzione di sostituto Procuratore pubblico (2002), which meant to improve Cantonal court performance by...

To fully understand governance and authority in the large corporation, one must attend to politics. Because basic dimensions of corporate organization can affect the interests of voters, because powerful concentrated interest groups seek particular outcomes that deeply affect large corporations,...

Comparing the literature on hold-up and strategic entry deterrence leads to a puzzling role for sunk or specific investments in affecting investor’s incentive. In one case, non-redeployable investments decrease investor’s ex-post bargaining power. In the other they increase it. When the...

In this article we try to reformulate the approaches of Wesley Newcomb Hohfeld and John Rogers Commons on jural relations speculating on the concept of "positionality" as introduced by Fred Hirsch in his original work on positional good and competition. Furthermore, by placing Hohfeld's "jural...