Two new evolutionary game models are presented where ownership and trade emerge from anarchy as evolutionary stable strategies. In these models, ownership status provides an endogenous asymmetrizing criterion enabling cheaper resolution of property conflicts

Research and Science Today Journal is a publication founded in 2011 and it is dedicated to the students of all levels (license, master and doctoral) of faculties in the country and abroad. We want to offer the participants the opportunity to present their scientific works in the following areas:...

Absent efficiency-cultivating judges, is selective litigation alone enough to drive the common law to efficiency? To address this question, the common law is viewed as an evolving network of precedents. Litigants nominate the most inefficient precedents for re-adjudication and judges modify...

Research and Science Today Journal is a publication founded in 2011 and it is dedicated to the students of all levels (license, master and doctoral) of faculties in the country and abroad. We want to offer the participants the opportunity to present their scientific works in the following areas:...

This paper is an empirical assessment of the comparative efficiency of governance structures in an environment marked by high uncertainty. We analyze the short-term impact of retail deregulation on the productive efficiency of electric utilities in the United States. We argue that there are...

The rise of financial technology (fintech) has the potential to provide better-quality financial services to more people. Although these enhanced financial services have arisen to meet consumer need, their regulatory status threatens that progress. Many fintech firms are regulated on a...

Online copyright infringement is one of the toughest challenges the content industry has faced in the twenty first century. Article 8(3) of the Information Society Directive, implemented under section 97A of the UK Copyright, Designs and Patents Act, 1988, provides an injunctive remedy in...

The paper illustrates how architecture can be used to show the contribution and the use of technology in the legal system. The models created enable the rapid identification of the stakeholders, their objectives, the technologies they use, and their goals. Such understanding helps decision...

Youth incarcerated in the juvenile justice system are disproportionately exposed to traumas both in and outside of custody that are associated with poor social, behavioral, and developmental outcomes. The purpose of this paper is to describe one pathway through which trauma can impact a myriad...

While boys who offend have been a dominant majority and primary concern of the juvenile court since its earliest days, the population of delinquent girls has increased in recent years at a far higher rate in the U.S. The special challenges presented by females, however, continue to be generally...