just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all …

psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why …This paper provides a theoretical analysis regarding the rationality of suicide attacks from an economist’s point of … – although predicted by standard economic theory – defection is a phenomenon rarely observed. We finally present some policy …

"spatial value number" reveals the incompatibility of rationality and aesthetics: the individual urban experience cannot be …

than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and … value suits, LCI can make the threat to sue credible and motivate potential defendants to make positive settlement offers …

We investigate the role of settlement in a dynamic model of a payment system where the ability of participants to … perform certain welfare-improving transactions is subject to random and unobservable shocks. In the absence of settlement, the … supportable if settlement is introduced. This, however, requires that settlement takes place with a sufficiently high frequency. …

then makes a settlement offer. Overinvestment, or bluff, always prevails in equilibrium: with positive probability …

-it-or-leave-it settlement offers, we can show that they will actually be exploited by one of their fellow plaintiffs rather than by the … settlement even having complete information. This may explain why we observe derivative suits in the US but not in Europe. …

We model the settlement of a legal dispute where the trial outcome depends on the behavior of a strategically motivated … higher settlement rate. However, the terms of the settlement heavily favor the informed plaintiff, and consequently induce …

Vertragsparität. Dabei wird auf die ökonomische Verhandlungstheorie und die Theorie der Wettbewerbsmärkte zurückgegriffen. Es werden …Based on economic bargaining theory and the theory of competitive markets, the paper operationalizes the legal term …