Punitive damages are one of the most controversial aspects of tort litigation and have been the subject of various theoretical, empirical, and experimental studies. One criticism of punitive damages refers to the effect that they have on civil litigation processes. In particular, Polinsky (1997)...

Some thoughtful questions and linear answers to the economic, social, and political consequencs that comes with restrictive regulating laws. 'Regulatory law is where Socialism meets Liberalism; or what might be called the highest form of Liberalism, the lowest form of Socialism.'

In this article, we provide an interpretation for the voluntary independence requirements contained in the Italian Corporate Governance Code (Preda Code) checking them against a proxy for international best practice, the independence criteria provided in the EC Recommendation on non-executive...

Ein fehlerhaftes Testat führt oft zur Überbewertung des Unternehmens. Auf dem Sekundärmarkt, d.h. bei der Abschlussprüfung eines bereits börsennotierten Unternehmens, weiß ein uninformierter Anleger ex-ante nicht, ob er Käufer oder Verkäufer überteuerter Aktien sein wird. Er kann einen...

Der oekonomische Maistream propagiert die Shareholder Primacy in der Corporate Governance. Folgt man jedoch der inneroekonomisch vorgebrachten Kritik, laesst sich die Vorstellung einer Shareholder Primacy nachvollziehbar und so lange aufweichen, bis der uebrig gebliebene Rest ganz im Einklang zu...

<u><strong>Abstract</strong></u>The dynamics of law and economics in the cannon of American legal thought was initially characterized by a denial of the independence of contract law, tailored by judicial decisions and the realist revolution. This paper shows that this denial begets the rebirth of contract law based on...

The purpose of this paper is to address one of the most Fundamental Freedom and Human Rights the protection of privacy, particularly under the provisions of the European Convention on Human Rights as interpreted by the Strasbourg institutions and by national courts. Article 8 of the Convention...

The aim of the reforms introduced by the Treaty of Lisbon was to simplify and make more transparent the system of Union legal sources and that of the decision-making procedures. This paper examines that how the system of Union legal sources and that of the previous legislative and...