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L'un des arguments presentes en faveur du droit spontane est sa capacite a promouvoir l'efficacite. S'appuyant sur l …'analyse economique, l'article se propose de revenir sur cette propriete en interpretant le droit comme une connaissance commune. Nous …
Persistent link: https://www.econbiz.de/10005779625
L'article présente les résultats d'une évaluation économique comparée du droit des contrats publics et de l … obligations), le droit du contrat public n'a jamais fait l'objet d'études utilisant la méthode des indicateurs. Les comparaisons … internationaux, du fait de leur diversité et même de leur hétérogénéité. Une perspective de droit comparé, sensible à la question des …
Persistent link: https://www.econbiz.de/10011074198
Thresholds defined on the level and change in the HHI (Herfindahl-Hirschmann Index) applied to market shares seem to be the main instrument to select notified mergers for investigation in both the EU and US. We question the use of such a selection rule in differentiated products industries. We...
Persistent link: https://www.econbiz.de/10010293879
The traditional argument that shorter product cycles favor trade secret over patenting is reviewed. A game theoretic model provides an argument that shorter product cycles can induce firms to file more patent applications. The firms may be trapped in a prisoners' dilemma where all firms would...
Persistent link: https://www.econbiz.de/10010298679
This paper provides a new interpretation of the early rise of rating agencies in the United States (initially known as Mercantile Agencies). We explain this American exceptionality through an inductive approach that revisits the conventional parallel with the UK. In contrast with earlier...
Persistent link: https://www.econbiz.de/10011381198
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011390770
This paper assesses how legal origin influences financial development through regulation quality and the rule of law. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law channels are instrumented with legal origins to account...
Persistent link: https://www.econbiz.de/10011390772
South Africa´s trade barriers are still relatively high compared to other emerging market economies, and its industrial policy still preferentially treats certain industries. Based on a static GTAP model, we estimate the economic impact of further trade liberalization on the South African...
Persistent link: https://www.econbiz.de/10010323884
addition to the earlier work done on these topics in the WTO Working Group on the Interaction between Trade and Competition …
Persistent link: https://www.econbiz.de/10010326814
Governments in the EU frequently bail out firms in distress by granting state aid. I use data from 86 cases during the years 1995-2003 to examine two issues: the effectiveness of bailouts in preventing bankruptcy and the determinants of bailout policy. The results are threefold. First, the...
Persistent link: https://www.econbiz.de/10010333809