Because a will’s authenticity is never certain, probate courts sometimes make incorrect determinations regarding whether a purported will is a genuine expression of the decedent’s intent. When the court incorrectly admits an inauthentic will to probate, a false-positive outcome occurs....

Fragmentation of production into more and more complex supply chains is a prominent feature of globalisation. It implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis of the various types of transaction costs is also...