Showing 1 - 10 of 24
We study the effect of fair institutions on growth. In our model, individuals are endowed with unequal entitlements to theeconomy’s output. They can free-ride or cooperate. Cooperation is individually costly, but increases aggregate output and growth.Experimentally, we observe significantly...
Persistent link: https://www.econbiz.de/10005866839
A key issue in the debate over gun control is how it will affectthe relative incentives of criminals and law-abiding citizens to acquireguns. We propose a simple model of interaction of criminals and law-abiding citizens as a contest where the parties arm themselves in orderto improve their...
Persistent link: https://www.econbiz.de/10008860719
which are consistent with the theory.[...] …
Persistent link: https://www.econbiz.de/10009138487
The paper attempts to explain the failure of postcommunist traders exemplified by Balkan traders to make use of arbitration courts by means of the rational choice of forum approach offered by the law and economics movement. Conjectures about traders’ behaviour derived by combining this approach...
Persistent link: https://www.econbiz.de/10005864136
This paper analyzes the relation between the quality of the legal enforcement of loan contracts and the allocation of credit to households, both theoretically and empirically.
Persistent link: https://www.econbiz.de/10005843479
This paper analyzes the relation between the quality of the legal enforcement of loan contracts and the allocation of credit to households, both theoretically and empirically. We use a model of household credit market with secured debt contracts, where the judicial system affects the cost...
Persistent link: https://www.econbiz.de/10005859087
We exploit a controlled frameless laboratory experiment to study settlement negoti-ations and the plainti¤’s decision to raise a lawsuit in case of an impasse. We …nd thatgreater variance in court outcomes increases the litigation rate and lowers the settlementrate. This latter …nding goes...
Persistent link: https://www.econbiz.de/10009248886
The contributory infringement rule assesses liability to a third party that contributes tothe infringement of a patent. Not only are firms that directly infringe liable, those whoindirectly contribute are also liable. We investigate how this rule affects the creation of anetwork of members...
Persistent link: https://www.econbiz.de/10009360891
This paper tests a central implication of the theory of equalizing differences, that workers sortinto jobs with …
Persistent link: https://www.econbiz.de/10005863114
A characteristic feature of economic development is the ever changing structure ofconsumption patterns. Reducing the explanation of this phenomenon to changingprices, finally caused by changes in the availability of goods (or characteristics),would neglect a major force driving this change, i.e....
Persistent link: https://www.econbiz.de/10005866041