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Evaluating default policy: The business cycle matters

Gordon, Grey - In: Quantitative Economics 6 (2015) 3, pp. 795-823

More debt forgiveness directly benefits households but indirectly makes credit more expensive. How does aggregate risk affect this trade-off? In a calibrated general equilibrium life-cycle model, aggregate risk reduces the welfare benefit of making default very costly when the costs are borne by...

Persistent link: https://www.econbiz.de/10011599691

Does Exposure to Economics Bring New Majors to the Field? Evidence from a Natural Experiment

Fricke, Hans; Grogger, Jeff; Steinmayr, Andreas - 2015

, economics, or law. Due to oversubscription of business, the university assigns the field of the paper in a standardized way that … important component of the first-year curriculum that varies between students involves a multi-term research paper in business …

Persistent link: https://www.econbiz.de/10010531709

The Impact of Intellectual Property Rights on Self-Employed Entrepreneurship: an International Analysis

Burke, Andrew; Fraser, Stuart - 2005

The importance of IPR regimes for large firm innovation is well documented but less is known about their impact on typically less innovative self-employed entrepreneurship. The paper sets out to estimate the net effect of the various elements that comprise an IPR regime including the political...

Persistent link: https://www.econbiz.de/10011279544

Economic Integration, EU-US Trade Conflicts and WTO Dispute Settlement

Breuss, Fritz - 2007

Since its inception in 1995, more than 330 disputes have been raised under the WTO Dispute Settlement System. The major players in world trade - the EU and the USA - are also the busiest users of this instrument. After looking at links between economic integration and WTO involvement and a...

Persistent link: https://www.econbiz.de/10011345406

The impact of intellectual property rights on international self-employed rates

Burke, Andrew E.; Fraser, Stuart - 2005

Persistent link: https://www.econbiz.de/10010271927

Homo oeconomicus und das Recht

Schmidtchen, Dieter - 2000

Although the homo oeconomicus model has considerable predictive power with regard to the operation of the law the …

Persistent link: https://www.econbiz.de/10010296909

Vertrauen und Recht: eine ökonomische Analyse

Schmidtchen, Dieter - 2000

also discusses the efficiency of trust and the role of the law in separating trustworthy from non trustworthy people. …

Persistent link: https://www.econbiz.de/10010296910

Security of property rights for whom?

Lawson-Remer, Terra - 2011

Recent research regarding property rights and economic development often treats property rights security in a country as homogeneous, although protecting the private entitlements of some can entail preventing others from claiming and controlling those same resources. This one-dimensional...

Persistent link: https://www.econbiz.de/10010280156

Laws and norms

Benabou, Roland; Tirole, Jean - 2012

when the descriptive and prescriptive norms conflict. The next main question is the expressive role of law. The choices of … also what shapes social judgements and moral sentiments. Setting law thus means both imposing material incentives and … analysis, combining an informed principal with individually signaling agents, makes precise the notion of expressive law …

Persistent link: https://www.econbiz.de/10010282313

State recognition of the right to food at the national level

Vidar, Margret - 2006

This paper considers to what extent the human right to food has been recognized by countries in the world, by analysing international obligations and constitutional provisions, bearing in mind that the right to food may be either explicitly or implicitly protected at the constitutional level. It...

Persistent link: https://www.econbiz.de/10010284533