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discourage socially desirable activities. Contributions from the economic theory of law suggest that increasing legal uncertainty …
Persistent link: https://www.econbiz.de/10011580756
Social scientists have performed and analyzed a number of randomized studies of policies, but the legal literature has not addressed whether and how the legal system should incorporate experimental methods. This Article identifies several benefits of randomized legal experimentation and argues...
Persistent link: https://www.econbiz.de/10014214367
In this paper we report on our experimental findings concerning the differences in decisional treatment between adversarial and inquisitorial systems where the proceedings fail to achieve explicit revelation of decisive facts. In particular, we use our data both: (1) to test the interesting...
Persistent link: https://www.econbiz.de/10014155676
In a full-information, zero transactions costs world, the degree of protection afforded to an entitlement does not affect the likelihood of efficient trade. In reality, imperfect information is often inevitable. Specifically, a party will usually have incomplete information about fairness norms...
Persistent link: https://www.econbiz.de/10011633871
In a full-information, zero transactions costs world, the degree of protection afforded to an entitlement does not affect the likelihood of efficient trade. In reality, imperfect information is often inevitable. Specifically, a party will usually have incomplete information about fairness norms...
Persistent link: https://www.econbiz.de/10011673948
Persistent link: https://www.econbiz.de/10012030868
limited liability investors contribute to asset price bubbles by increasing liquidity provision and that caps fail to tame … bubbles. Overall, giving investors skin in the game fosters financial stability. …
Persistent link: https://www.econbiz.de/10010530580
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