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Haggling for rents, relational contracts, and the theory of the firm

Gürtler, Oliver - 2006

In this paper, a formal rent-seeking theory of the firm is developed. The main idea is that integration (compared to non-integration) facilitates rent-seeking for the integrating party, but makes it harder for the integrated one. In a one-period model, this implies that the rent-seeking contest...

Persistent link: https://www.econbiz.de/10010383041

Short-term or long-term contracts? : a rent-seeking perspective

Gürtler, Oliver - 2007

In this paper, firms engage in rent seeking in order to be assigned a governmental contract. We analyze how a change in the contract length affects the firms' rent-seeking behavior. A longer contract leads to more rent seeking at a contract assignment stage, as the firms value the contract...

Persistent link: https://www.econbiz.de/10010365859

Political Agency Model of Persistent Electoral Success with Endogenous Rents

Vukovic, Vuk - 2012

The paper presents a political agency model that observes how budgetary decisions on public good production affect the prospects of holding office for an incumbent political party. A simple budgetary function is broadened to include other expenditures such as public sector wages and social...

Persistent link: https://www.econbiz.de/10013111888

Upon Further Review : Will The NFL's Trademark Licensing Practices Survive Full Antitrust Scrutiny? The Remand of American Needle v. National Football League

Edelman, Marc - 2012

On May 24, 2010, the U.S. Supreme Court ruled in the case American Needle v. Nat'l Football League that the National Football League's trademark licensing practices are subject to review under Section 1 of the Sherman Act. This ruling reversed an earlier decision by the U.S. Court of Appeals for...

Persistent link: https://www.econbiz.de/10013115281

Introduction : Insider Trading

Wang, William K. S. - 2014

This paper is the introductory chapter to Insider Trading (Oxford University Press 3d ed. 2010). This treatise analyzes the application of various laws to stock market insider trading and tipping. Among the federal laws are Exchange Act section 10(b), SEC Rule 10b-5, mail/wire fraud, SEC Rule...

Persistent link: https://www.econbiz.de/10013069166

The Trouble with Cases

Zeckhauser, Richard; Schauer, Frederick - National Bureau of Economic Research (NBER) - 2009

For several decades now a debate has raged about policy-making by litigation. Spurred by the way in which tobacco, environmental, and other litigation has functioned as an alternative form of regulation, the debate asks whether policy-making or regulation by litigation is more or less socially...

Persistent link: https://www.econbiz.de/10005084662

Gli Effetti Economici Della Liberalizzazione Della Cannabis in Italia (The Economic Effects of the Cannabis' Liberalization in Italy)

Esposito, Marcello - 2016

Italian Abstract: In questo lavoro si valuta la dimensione del mercato illegale della cannabis in Italia e le entrate fiscali potenziali in caso di liberalizzazione. Rispetto a precedenti studi, si considera la elasticità al prezzo della domanda di cannabis e la competizione della criminalità...

Persistent link: https://www.econbiz.de/10012995011

Rationing Legal Services

Cohen, I. Glenn - 2013

There is a deepening crisis in the funding of legal services in the United States. The House of Representatives has proposed cutting the budget of the Legal Services Corporation (LSC), one of the main funders of legal assistance to America’s poor, to an all time low in inflation-adjusted...

Persistent link: https://www.econbiz.de/10014163459

Protecting Private Property with Constitutional Judicial Review : A Social Welfare Approach

Cole, Daniel H.; Grossman, Peter Z. - 2008

This article proposes that constitutional judicial review should be subject to a social welfare analysis to determine … when and if such review is efficient in enhancing social welfare. A model is proposed in which property rights protection …, affecting social welfare generally. It will be shown that under realistic conditions, reflected in real instances, judicial …

Persistent link: https://www.econbiz.de/10014055556

A Game Theoretic Model for Determining When Baseball Arbitration Creates the Proper Incentives for Litigants

Habbu, Aditya (Adi); Buonaguro, Paul V. - 2011

This paper creates a game theoretic model to determine how pendulum arbitration or baseball arbitration impacts the incentives of litigants. Pendulum arbitration is when both parties submit competing proposals and the arbitrator chooses only one of the bids, in its entirety, to be binding on...

Persistent link: https://www.econbiz.de/10014043074