According to economic analysis, common-law courts resolve individual legal disputes and create new, judge-made law. In this article, I study both functions in a civil-law context by analyzing data for nine German labor courts of appeal (Landesarbeitsgerichte) in the period 1980-1996. Output of...

Controlling the performance of employed physicians, university professors, or tenured judges is a difficult managerial problem, because these professionals perform complex tasks that are hard to measure and because many of the economic incentives common to private-sector employees do not apply...

Der vorliegende Beitrag argumentiert, daß die regionale Arbeitsmarktsituation (Zugänge in Arbeitslosigkeit und Zugänge an freien Stellen) die Entscheidung von Arbeitnehmern, eine Kündigungsschutzklage einzureichen, deutlich beeinflußt. Regressionsanalysen mit amtlichen Daten für die...

This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and as a consumption good. Nonseparable preferences describe households' concern with composition risk, that is, fluctuations in the relative share of housing in their consumption...