The impact of the 2008 financial crisis led to the imposition of severe ‘crisis measures’ focused on alleviating budget deficits at all levels of Spanish government. In this context, the central government sought to restrict regional and local government spending. One of the key mechanisms...

Die Coronapandemie hat die Bundesregierung vor bis dahin ungekannte Herausforderungen gestellt. Unter hoher Unsicherheit musste sie in kurzer Zeit wichtige Entscheidungen zur Stabilisierung der deutschen Volkswirtschaft fällen, um den gleichzeitigen Angebots- und Nachfrageschock abzufedern....

In reaction to disruptions of the Single Market, the European Commission put forward an emergency instrument. It proposes far-reaching measures in order to maintain the proper functioning of the Single Market and ensure the supply and distribution of goods and services. The dirigiste...

Companies can be valuable partners in delivering essential goods but must be appropriately motivated to participate in humanitarian crisis management. This work provides valuable insights into the status of humanitarian crisis management from the perspective of different stakeholders. It shows...

Despite the fragility of authoritative governing institutions at the international level, the politi-cal capacity to deal with global risks is developing. The sense of legitimacy that will ultimately derive from a deeply transnational sense of shared fate continues to lag, but even in that...

The paper shows that Legal Cost Insurance (LCI) is a device to enhance potential litigants? bargaining position rather than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and the case goes to trial. This shifts the threat...

This paper presents an empirical analysis of the determinants of patent litigation in Germany, based on information from suits filed during the period from 1993 to 1995 at two of the three most important district courts. A control group was formed by selecting a random sample from the population...

Dem deutlichen Zuwachs des weltweiten Handelsvolumens in den vergangenen Jahrzehnten müsste auch eine Zunahme von Handelsstreitigkeiten in der Justiz gegenüberstehen. Tatsächlich aber nehmen die Fallzahlen in Handelssachen vor staatlichen Gerichten stetig ab. Zur Erklärung dieses Umstands...

The paper provides a comprehensive survey of the economics behind the fight against hard core cartels. Differentiating between four subsequent stages - characterisation, welfare effects, enforcement and evaluation - the paper pays particular attention to cartel detection methods, the derivation...

A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown to the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....