Similar Search Results

Shavell, Steven - 2005

This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how much care to exercise (at what speed to travel) to...

Persistent link: https://www.econbiz.de/10014061304

Transparency of Information and Coordination in Economies with Investment Complementarities

Angeletos, George-Marios; Pavan, Alessandro - 2010

How does public and private information affect equilibrium and welfare in an economy with investment complementarities? And what is the optimal transparency in the information disseminated by economic data or policy announcements? When complementarities are weak so that the equilibrium is always...

Persistent link: https://www.econbiz.de/10014073397

Chapter 2 Liability for Accidents

Shavell, Steven - In: Handbook of law and economics : volume 1, (pp. 139-182). 2007

Persistent link: https://www.econbiz.de/10014023514

Prospects of Tools from Differential Games in the Study of Macroeconomics of Climate Change

Engwerda, Jacob C. - 2012

(dynamic) game theory. A rough literature review is provided and some items open for future research are indicated …

Persistent link: https://www.econbiz.de/10014168816

Noisy Business Cycles

Angeletos, George-Marios; La'O, Jennifer - 2009

This paper investigates a real-business-cycle economy that features dispersed information about the underlying aggregate productivity shocks, taste shocks, and - potentially - shocks to monopoly power. We show how the dispersion of information can (i) contribute to significant inertia in the...

Persistent link: https://www.econbiz.de/10014207415

Economic Analysis of Public Law Enforcement and Criminal Law

Shavell, Steven - 2003

enforcement are discussed in the chapters that follow. In chapter 20, the basic theory of public enforcement employing monetary … sanctions is discussed; in chapter 21, the basic theory of enforcement using nonmonetary sanctions is examined; and in chapter … 22, extensions to the basic theory are considered. Then, in chapter 23, functions of sanctions apart from deterrence …

Persistent link: https://www.econbiz.de/10014088892

Economic Analysis of Litigation and the Legal Process

Shavell, Steven - 2003

Economic Analysis of Law (Harvard University Press, 2003). In chapter 17, I consider the basic theory of litigation. Here I … chapter 18, I extend the basic theory of litigation, examining among other issues the bringing of negative value suits …, in chapter 19, I discuss several general aspects of the legal process not considered in the basic theory and its …

Persistent link: https://www.econbiz.de/10014088915

Evaluating Allocations of Freedom

Sher, Itai - 2015

This paper develops a formal approach to evaluating freedom in interactive settings based on the literatures on preference for flexibility and measurement of diversity. The approach posits that freedom has an instrumental component -- grounded in preferences -- and an intrinsic component. The...

Persistent link: https://www.econbiz.de/10013028882

Optimal Mixed Taxation, Public Goods and the Problem of Migration by the Highly Skilled

Ruiz del Portal, Xavier - 2015

The optimal income tax model under the threat of migration is extended to include both indirect taxes and public goods. This has enabled us to check that: 1) optimal income tax rates are higher than in the absence of indirect taxes and, at the top of the skills distribution, may be positive; 2)...

Persistent link: https://www.econbiz.de/10013030432

Linking individuals and societies

Jasso, Guillermina - 2009

; deductive theory ; probability distributions ; lognormal distribution ; Pareto distribution ; power-function distribution …

Persistent link: https://www.econbiz.de/10003872719