Vorgestellt wird ein juristisches Modell, nach dem nicht die Rechtsnormen, sondern die sog. Institutionen die beherrschenden Faktoren der (richterlichen) Entscheidungsfindung sind. Hierbei werden einer institutionell gedeuteten Wirklichkeit normative Forderungen entnommen, die an die Stelle des...

Kosovo had been a net exporter - at least of some - fruit and vegetables in the former Federal Republic of Yugoslavia before the civil war. Current reconstruction efforts therefore focus on restoring the past horticultural potential of the now independent province. This paper analyses the...

Trade credit is one of the most important sources of short-term finance in buyer-seller transactions.This paper studies a seller's trade credit provision decision in a situation of repeated contracting withincomplete information over the buyer's ability and willingness of payment compliance when...

We study a seller's trade credit provision decision in a situation of repeated contracting with incomplete information over the buyer's payment propensity when the enforceability of formal contracts is uncertain. The payment terms of a transaction are selected in an inter-temporal trade-off...

Large-scale land acquisitions, or "land grabs", concentrate in developing countries which are also known for their corruption-friendly setting caused by a weak institutional framework. We argue that corrupt elites exploit this given institutional set-up to strike deals with international...

Large-scale land acquisitions often take place in developing countries which are also known for their corruption-friendliness caused by weak institutional frameworks. We hypothesize that corruption indeed leads to more land deals. We argue that corrupt elites exploit poor institutional setups...