Nearly half of U.S. employers test job applicants and workers for drugs. I use variation in the timing and nature of drug testing regulation to study discrimination against blacks related to perceived drug use. Black employment in the testing sector is suppressed in the absence of testing,...

Nearly half of U.S. employers test job applicants and workers for drugs. I use variation in the timing and nature of drug testing regulation to study discrimination against blacks related to perceived drug use. Black employment in the testing sector is suppressed in the absence of testing,...

Legal academics, journalists, and senior executive branch officials alike have assumed that the cost of imposing new regulatory requirements is higher in severe recessions that drive the central bank's policy rate to zero than in other times. This is not correct; the aggregate output costs of...

Setting an industry-wide standard is crucial for information and communication technologies for interoperability, compatibility and efficiency. To minimize holdup problems, patent holders are often required to ex-ante commit to licensing their technologies under Fair, Reasonable and...

Six main characteristics of an economic order are discussed and empirically evaluated for the case of Slovenia. All of them pertain to the institutional setting ab urbe condita; they comprise the legal and jurisdictional situation, the role of private property, the institutionalised strive at...

This paper analyzes the incentive effects of pollution taxes versus pollution permits for a revenue maximizing Government that also pursues environmental objectives. In our model, pollution permits are analyzed as durable goods, and the leasing of pollution permits is seen as an equivalent to a...

In diesem Aufsatz untersuchen wir, warum Staaten Anreize haben, Umweltverschmutzung zu besteuern anstatt Umweltverschmutzungsrechte zu veräußern. Unser Modell berücksichtigt, dass Regierungen sowohl umweltpolitische Ziele als auch fiskalische oder industriepolitische Motive haben können. Wir...

“Trust” is a versatile instrument which is suitable for a great variety of purposes. Many scholars believe, that the original form of this institution appeared in common law, while in the 20th century the process of globalization stipulated the “internationalization” of the trust...

Purpose: The purpose of this work is to confront the social expectations of the TTIP, and how it effects the so-called 'expert knowledge'. Defining a mismatch between the social expectations and expert knowledge may contribute to better understanding of the controversies related to the TTIP....

Der französische Staatspräsident Emmanuel Maron hat in einer Grundsatzrede an der Pariser Sorbonne-Universität im September 2017 Vorschläge zur Reformierung der Europäischen Union unterbreitet. Die Reformvorschläge umfassen die folgenden sechs Schlüsselbereiche: 1. Ein Europa, das...