Do the parties in a typical dispute face incentives similar to those in the classic prisoner's dilemma game? In this paper, we explore whether the costs and benefits of legal representation are such that each party seeks legal representation in the hope of exploiting the other party, while...

We use a stylized model to show that, if transfers to the poor are founded on a security argument, there is a negative trade-off between law enforcement expenditures and criminality. In contrast, if transfers are based on altruism, the correlation between the same variables may appear positive....

This chapter analyzes the role of financial accounting in the German financial system. It starts from the common perception that German accounting is rather 'uninformative'. This characterization is appropriate from the perspective of an arm's length or outside investor and when confined to the...

Die Debatte über eine Finanzierungsreform des deutschen Krankenversicherungssystems hat in der letzten Zeit viele Konzepte hervorgebracht. Die Vorschläge reichen von der Stabilisierung des Status quo in Form von Kopfpauschalen über die Einführung verschiedener Formen eines...

Die demografische Alterung der Bevölkerung und der medizinisch-technischen Fortschritt als sich verstärkender zirkulär-kausaler Zusammenhang werden bei einer Beibehaltung der derzeitigen Finanzierung des deutschen Gesundheitswesens weitere Ausgabensteigerungen hervorrufen. Durch die...

Entsprechend der Themenfrage wird zunächst untersucht, wie sich Gemeinwohl und Wettbewerb als Ziele in einer privaten und gesetzlichen Krankenversicherung operationalisieren lassen. Nach der Darstellung einer ordnungspolitischen Reform der nKrankenversorgung erfolgt eine Einbettung der Thematik...

This work introduces a special issue of the Journal of Economic Behavior and Organization on the emergence and impact of market institutions in wholesale fish markets. The analysis of fish markets has a respectable pedigree also in terms of the description of how they function. A major advantage...

We are currently observing an apparent paradox. On the one hand there is growing evidence about corporate misbehaviour and Multinational Corporations (MNCs)' violations of human rights. On the other, the largest MNCs are showing an unprecedented level of commitment to save the world through...

This paper analyzes the meaning of comparing the economic performance of strict liability and negligence rule in a unilateral standard accident model under Knightian uncertainty. It focuses on the cost expectation of major harm on which the injurers form beliefs. It shows first that, when the...