In the wake of the Enron and Worldcom financial scandals that rocked Wall Street in 2002, the US government’s financial regulatory body, the Security and Exchange Commission (SEC) took the unprecedented step in June 2002 of requiring that the chief executives and chief financial officers of...

This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment...

Die Autoren fragen nach den Bedingungen der Herausbildung eines einheitlichen europäischen Zivilrechts. Sie konstatieren, daß dieser Vorgang erschwert werde, wenn in den einzelnen Rechtsgebieten nicht auf allgemeine Grundsätze zu Regelungsbereichen zurückgegriffen werden könne, die dasselbe...

Legal processes have a theatrical component to them. They offer an audience (the spectators) and actors (the legal parties, lawyers, as well as the jury and judge) who perform a play on the stage of the courtroom. In this paper we focus on the role of the jury, which appears to be simultaneously...

In der Debatte um Reform und Modernisierung der Justiz geht es heute nicht mehr um das Ob, sondern nur um das Wie". Alle Bundesländer haben damit begonnen, betriebswirtschaftliche Instrumente, die in Privatunternehmen üblich sind, auch in der Justiz zu erproben. Ebenso zentral wie kontrovers...

Following Regulation No. 1/2003 EC which permits the substitution of decentralised and private enforcement for centralised and public enforcement of Articles 81 and 82 EC, the European Commission in December 2005 presented a Green Paper on "damages actions for breach of the EC antitrust rules"....

We attempt to revise the inspection game used by Tsebelis (1989, 1990, 1993 and Tsebelis in Bianco et al, 1990) to model phenomena in criminal justice. Recent findings from various studies, primarily conducted in the UK, are used to re-construct the game. In contrast to Tsebelis' (1989)...

In diesem Paper werden die Wohlfahrtseffekte einer kostenorientierten Regulierung von Netznutzungsentgelten zur Schaffung fairen Wettbewerbs abgeleitet. Es wird gezeigt, daß eine solche Regulierung nur im Falle starker Kostenvorteile eines vertikal integrierten Netzbetreibers im Vergleich zu...

In the past several years, researchers have started to notice successful products whose sales patterns show rapidly declining diffusion patterns. These products include certain movies, computer software, TV game software, music CDs, etc. (e.g., Windows95 (up grade version), Final Fantasy,...

Designing and pricing new products is one of the most critical activities for a firm, and it is well-known that taking into account consumer preferences for design decisions is essential for products later to be successful in a competitive environment (e.g., Urban and Hauser 1993). Consequently,...