This paper analyzes the setting of labor market reforms in the European Monetary Union (EMU), as a political compromise pressured by the lobbying of business interests and trade unions. Using a common agency model of lobbying, we model the impact of distorted and non-distorted Central Bank...

In this paper we empirically examine the impact of labor market flexibility on FDI flows to oil-rich GCC and compare it to middle income countries in 2006-2011. We account for potential endogeneity and nonstationarity and adopt system GMM and IV estimation methodologies. Our findings show that...

This paper deals with the way in which various legal instruments provide compensation to victims of catastrophes in Europe. The traditional law and economics of insurance literature with respect o government relief and insurance solutions towards financial compensation is used to analyse various...

La littérature sur les pays de l’Europe Centrale et Orientale est très riche mais porte essentiellement sur les transformations macroéconomiques. Dans cet article nous visons démontrer l’hétérogénéité des résultats obtenu pendant la transition en Europe Centrale et Orientale, à...

L’objectif de cet article est d’identifier les sources de l’antitrust contemporain dans des anciennes doctrines juridiques, notamment celles de la common law. Les restrictions de la concurrence et du commerce étaient poursuivis et sanctionnées en Angleterre depuis le début du Moyen Age...

Many injurers now offer to buy out victims' property to reduce harm. This pa- per examines the e¢ ciency of buyouts negotiated in the shadow of regulation and liability rules which require injurers to take e¢ cient precautions. It shows that if the social bene?t from precautions is increasing...