We consider situations where legal liability yields insufficient incentives for socially efficient behavior, e.g., individuals who cause harm are not always sued or are unable to pay fully for harm done. Some individuals nevertheless behave efficiently because of intrinsic prosocial concerns....

Within the framework of the Digital Single Market, the European Commission is paving the way for a Single Market in the European mobile telecommunications services by, among others, studying how to reduce regulation heterogeneity in the 27 fragmented national markets. This article aims to...

We present a dynamic model of noncontractual litigation in which the parties’ decision whether to litigate depends on information produced by courts and, vice versa, the courts’ involvement in the lawmaking process depends on the cases proposed by the parties. Thereby, we integrate in one...

This research investigates how legal sanctions prevailing under bankruptcy may impact on debt contracting and on investing decision. We model firms having the opportunity to engage (or not) faulty management. In case of default, the firms may escape costly bankruptcy by reaching a private...

We incorporate normative motivations into the unilateral precaution model of tort. Individuals have moral concerns about causing harm and would like others to believe that they do. In the absence of legal liability, causing harm suggests low concerns and is therefore damaging to one's social...

[fre] L'objectif de cet article est d'apprécier dans quelle mesure l'étendue de la protection dont bénéficie un inventeur via le système des droits de propriété intellectuelle constitue un stimulant au progrès scientifique. Entre les partisans d'une protection étendue en raison d'une...

[eng] The major part of legal conflicts is not solved by trials but by settlements between parties. The purpose is to identify factors which can influence the probability of a settlement and the amount of the transaction. Immediately after a claim has been made by the victim of a damage against...

[fre] Équilibre et régulation du marché de la justice. Délais versus prix. . En France, offre et demande de justice s'équilibrent grâce à des variations du temps qui s'écoule entre la mise en délibéré et le jugement. Ce rationnement de la demande de justice par le temps apparaît...

[fre] Économie et ordre juridique de l'espace virtuel. . L'objectif de cet article est de déterminer l'efficacité des dispositifs juridiques qui accompagnent le développement de l'Internet. Nous montrons que le modèle de l'analyse économique du droit est partiellement transposable à...