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Die Popularität der Idee vom kostenlosen und freien Zugang zu wissenschaftlichen Informationen bringt nicht nur das traditionelle System wissenschaftlichen Publizierens in Fachzeitschriften in Bedrängnis. Open Access lässt sich auch kaum mit den traditionellen Rechtfertigungsansätzen zum...
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In recent years a platform economy has emerged that is dominated by undertakings such as Google, Amazon, Facebook, Apple and Microsoft. They have established a form of private governance vis-à-vis their consumers and customers by means of standard terms that create a risk of exploitation. This...
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This Article discusses another role for default rules--reducing costs of status competition. Default rules principally serve to reduce transaction costs and strategic behavior costs, but they also accomplish other functions. The hypothetical behavior of parties that measure the costs and...
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We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … results is the observation that high prices for spare parts entail a negative external effect inasmuch as liability …
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