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Understanding "The Problem of Social Cost"
baffi, enrico - Volkswirtschaftliche Fakultät, … - 2013
efficiency through taxes or liability. It is interesting that the economist of Chicago, who has elaborated on the renowned … compensation of the victim. To Pigou’s way of thinking, this is a strict liability rule. Coase states that the damage is caused by …
Persistent link: https://www.econbiz.de/10011260441
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The Color of Law: An Economic Theory of Legal Boundaries
Miceli, Thomas - Department of Economics, University of Connecticut - 2013
This paper presents an economic theory of property, tort, and contract law based on the goal of efficiently governing economic exchange relationships. In the theory, legal boundaries emerge endogenously in response to exogenous differences in the nature of the underlying transaction concerning...
Persistent link: https://www.econbiz.de/10011079298
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Shell Oil Company in Nigeria: Impediment or Catalyst of Socio-Economic Development?
Kingston, Kato Gogo - Volkswirtschaftliche Fakultät, … - 2010
The aim of this paper is to investigate whether the She oil company, through investment and crude oil exploration, benefits socio-economic growth in Nigeria in general and in the Niger Delta of Nigeria in particular. In 1998, the United Nations Special Rapporteur's report on Nigeria accused...
Persistent link: https://www.econbiz.de/10008835337
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On the Joint Use of Liability and Safety Regulation
Schmitz, Patrick W. - Volkswirtschaftliche Fakultät, … - 2000
The efficiency of two different means of controlling hazardous economic activities, namely ex post liability for harm …
Persistent link: https://www.econbiz.de/10005787128
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THE DISSOCIATION OF CIVIL ACTION INSTITUTION BETWEEN CIVIL LAW AND CIVIL PROCEDURE LAW IN REPUBLIC OF MOLDOVA
BADAN-MELNIC, Eleonora - In: Curentul Juridic, The Juridical Current, Le Courant … 51 (2012) December, pp. 84-91
The civil action is, in principle, governed by the law of civil procedure as a way of formulation in the court the plaintiff's claims against defendant in the contentious proceedings. The civil law contains a set of rules which governing the forms of civil action, without claiming penetration of...
Persistent link: https://www.econbiz.de/10010601644
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Liability for the financial management of public assets,or accidental meeting of branches of law on the dissection table
Kapa, Mátyás - In: Public Finance Quarterly 56 (2011) 4, pp. 483-492
The study examines the liability for breach of duty committed in the field of financial management of public assets. It … is an increasing challenge for law enforcers to establish liability, which is attributable to two main reasons. One of …. The unequivocal establishment of liabilities necessitates the rethinking of liability as a system and its harmonisation …
Persistent link: https://www.econbiz.de/10010614474
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Economic Analysis of Law
Polinsky, A. Mitchell; Shavell, Steven - Stanford Institute for Economic Policy Research … - 2005
of five primary fields of law: property law; liability for accidents; contract law; litigation; and public enforcement …
Persistent link: https://www.econbiz.de/10009141792
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Economic Theories of Legal Liability
Cooter, Robert D. - In: Journal of Economic Perspectives 5 (1991) 3, pp. 11-30
This essay synthesizes and re-conceptualizes some central results of the economic analysis of liability law and … turn. The first mechanism uses the legal rule of strict liability to internalize costs. The second mechanism uses a … assumptions. The rules of the three major bodies of liability law—property, contracts, and torts—will be analyzed as examples …
Persistent link: https://www.econbiz.de/10005819892
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Consent and Exchange
Bebchuk, Lucian; Bar-Gill, Oren - National Bureau of Economic Research (NBER) - 2007
In some cases, the law permits a party that unilaterally provides a benefit to another party to recover the estimated value of this benefit. Despite calls for expanding the set of cases to which such a restitution rule applies, the law commonly applies a mutual consent rule under which a party...
Persistent link: https://www.econbiz.de/10005580777
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"Government Intervention to Prevent Bankruptcy: the Effect of Blind-Bidding Laws on Movie Theaters"
Mulligan, James G.; Wedzielewski, Daniel J. - Department of Economics, Lerner College of Business and … - 2012
In the 1970s motion picture studios increased their use of blind bidding and non-refundable guarantees in an attempt to reduce the risks associated with producing a small number of large budget films. However, theater owners claimed that blind bidding and guarantees shifted risk to them and...
Persistent link: https://www.econbiz.de/10009652268