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Incomplete Contracts and Competition - Another Look at Fisher Body/General Motors?

Nicita, Antonio; Sepe, Simone M. - 2013

In this paper we analyze the problem of the enforcement of incomplete contracts with endogenous outside options. Some of the equilibria we outline may reverse one of the main results presented in the standard literature. We then revisit the literature on the highly debated Fisher Body/General...

Persistent link: https://www.econbiz.de/10014195691

Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach

Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2000

A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown to the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....

Persistent link: https://www.econbiz.de/10010324483

Rules of proof, courts, and incentives

Demougin, Dominique M.; Fluet, Claude - 2007

We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...

Persistent link: https://www.econbiz.de/10010273769

The Value of Employer Reputation in the Absence of Contract Enforcement : A Randomized Experiment

Benson, Alan - 2017

In three experiments, we examine how an employer reputation system disciplines an online labor market (Amazon … value of the employer reputation system for workers, employers, and the market. Specifically, in an experiment that varies … reputation, we find that having a good reputation allows employers at twice the rate as bad-reputation employers with no loss in …

Persistent link: https://www.econbiz.de/10012972193

Book Review of 'Foundations of Economic Analysis of Law,' by Steven Shavell

Dionne, Georges - 2012

The book covers many subjects related to the economic analysis of basic law. It has twenty-nine chapters in seven parts or sections, a comprehensive list of references and two indexes (authors and subjects). Particular attention is devoted to the positive analysis of law, although the normative...

Persistent link: https://www.econbiz.de/10012713207

Towards a More Coherent Doctrine of Trademark Genericism and Functionality : Focusing on Fair Competition

Rierson, Sandra L. - 2017

correctly define and understand the theory underlying both doctrines.Both genericism and functionality, in their practical …

Persistent link: https://www.econbiz.de/10012965820

Altruism and Self-Interest from an Economic Analysis of Law Perspective : The Economic Analysis of Rescue Laws

Harnay, Sophie; Marciano, Alain - 2014

The economic analysis of law mostly relies on the assumption of self-interested agents. Until the early 1970s, it is little concerned with the issues of rescue and helping. Now, an economic analysis of rescue laws appears with the works of Landes and Posner (1978). We show that the emergence and...

Persistent link: https://www.econbiz.de/10014217828

Tort Arbitrage

Rhee, Robert J. - 2015

The economic models of bargaining and tort law have not been integrated into a coherent theory that reflects the … empirical world. This Article models the interaction of settlement dynamics and the theory of negligence. It shows that tort …

Persistent link: https://www.econbiz.de/10014052425

The Evolution of Precedent

Gennaioli, Nicola; Shleifer, Andrei - 2005

We evaluate Richard Posner's famous hypothesis that common law converges to efficient legal rules using a model of precedent setting by appellate judges. Following legal realists, we assume that judicial decisions are subject to personal biases, and that changing precedent is costly to judges....

Persistent link: https://www.econbiz.de/10014066265

Comparing Certification and Self-Regulation

Mysliveček, Jan - 2009

conduct and benefit from the club's reputation. I show that if the testing technology is perfect and costless, the choice of …

Persistent link: https://www.econbiz.de/10014203148