The purpose of this paper is to give an insight into economies of scope – one of the basic types of efficiency gains. These economies belong to the main types of efficiency gains, which as such should occur in antitrust decisions. Yet, there are no legal nor economic papers presenting the...

Financial constraints reduce the lawyer's ability to file lawsuits and bring cases to trial. As a result, access to justice for victims, pretrial bargaining, and potential injurers' precaution might be affected. We study civil litigation using a model that allows for asymmetric information,...

The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to have significantly underestimated its dimensions once it started to unfold. In our view, this lack of understanding is due to a misallocation of research efforts in...