The market for law professors fulfils the conditions for a hog cycle: in the short run, supply cannot be extended or limited; future law professors must be hired soon after they first present themselves, or leave the market; demand is inelastic. Using a comprehensive German dataset, we show that...

Das vorliegende Buch analysiert den öffentlichen Beschaffungsprozess und untersucht, weshalb die öffentlichen Einkäufer auf Nachhaltigkeitskriterien oftmals keine Rücksicht nehmen. Florian Hepperle erforscht, welche Hemmnisse einem Mehr an Nachhaltigkeit in der öffentlichen Beschaffung im...

In the US, law and economics is so well established that many law schools have given up on a separate law and economics course. It seems obvious that economic theory matters for the interpretation and the evolution of the law. More recently, the empirical law movement has been gaining momentum...

Formal and informal institutions are often viewed as complements or substitutes in empirical and theoretical works. However, no evidence of complementarities or substitutes is found in our empirical analysis of the interrelation between formal and informal decentralization across 64 provinces of...