We contrast alternative liability rules for social control of product risks when heterogeneous consumers considering purchasing a durable good due to cognitive errors and biases mispredict future product benefits and, thus, the extent of future product usage. Since the expected consumer harm...

Contributing to the literature on the consequences of behavioral biases for market outcomes and institutional design, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product-related torts when consumers are heterogeneously...

We examine micro-level data on Slovenian court-supervised financial reorganizations in order to provide a rare empirical insight into the effectiveness of bankruptcy institutions at fulfilling their primary role: encouraging the liquidation of non-viable firms and promoting the restructuring of...

We use machine-learning methods to study the features and origins of the ideas of Francis Bacon, a key figure who contributed to the intellectual roots of a cultural paradigm that spurred modern economic development. Bacon's works are the data in an estimation of a structural topic model, a...

We use machine-learning methods to study the features and origins of the ideas of Francis Bacon, a key figure who contributed to the intellectual roots of a cultural paradigm that spurred modern economic development. Bacon's works are the data in an estimation of a structural topic model, a...