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The evolution of large-scale cooperation among genetic strangers is a fundamental unanswered question in the social sciences. Behavioral economics has persuasively shown that so called strong reciprocity plays a key role in accounting for the endogenous enforcement of cooperation. Insofar as...
Persistent link: https://www.econbiz.de/10010279564
Berle and Means's analysis of the corporation - in particular, their view that those in control are not the owners of the corporation - raises questions about actions that corporations take to counter concerns regarding management's influence. What mechanisms, if any, do corporations implement...
Persistent link: https://www.econbiz.de/10010290449
This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels to the case of ancient Egypt. In doing so, the paper examines the historical applicability of the chartalist and metallist theories of money. It will be shown that the origins...
Persistent link: https://www.econbiz.de/10010513079
Persistent link: https://www.econbiz.de/10010270312
By applying computational linguistics tools to the analysis of US federal district courts' decisions from 1932 to 2016, this paper quantifies the rise of economic reasoning in court cases that range from securities regulation to antitrust law. I then relate judges' level of economic reasoning to...
Persistent link: https://www.econbiz.de/10013351689
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...
Persistent link: https://www.econbiz.de/10010275197
Persistent link: https://www.econbiz.de/10011335455
To explore damage rules' deterrent effect, we use a public good experiment to tailor allowable punishment to rules used in actual civil litigation. The experimental treatments are analogous to: (1) damages limited to harm to an individual litigant, (2) damages limited to harm to a group...
Persistent link: https://www.econbiz.de/10010286730
This article aims to uncover the dimensions or characteristics of corporate governance in the literature of public relations that are also related to communication. We employed a methodological approach based on a systematic review of scientific articles in the field of public relations using...
Persistent link: https://www.econbiz.de/10015062303
This paper studies the aggregate distribution of declared opin- ions and behavior when heterogeneous individuals make the trade- off between being true to their private opinions and conforming to an endogenous social norm. The model sheds light on how various punishment regimes induce conformity...
Persistent link: https://www.econbiz.de/10010398481