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The theory of competition as a discovery procedure argues that the results of this procedure cannot be predicted because of its very nature as a discovery procedure. If this were true, this would imply the impossibilty of testing whether competition actually works as predicted. This article...
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Although the homo oeconomicus model has considerable predictive power with regard to the operation of the law the …
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also discusses the efficiency of trust and the role of the law in separating trustworthy from non trustworthy people. …
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zwischen "property rights" und Allokationseffizienz ebenso behandelt wie der Schutz von "property rights" durch Unterlassungs …This paper analyzes "property rights" from a Law and Economics viewpoint. It deals with the relation between "property … criminal law. Moreover, market failures (monopoly, externalities, public goods) and weakening of property rights through …
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