The paper defines "order" as constraints that are designed or spontaneously evolved to constrain human action sets in order to stabilze expectations, and therefore enhance coordination of interactive behavior. A simple model of evolutionary game theory is used to explain the evolution of...

The paper shows that Legal Cost Insurance (LCI) is a device to enhance potential litigants' bargaining position rather than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and the case goes to trial. This shifts the threat...

The papers show that Legal Cost Insurance (LCI) is a device to enhance potential litigants' bargaining position rather than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and the case goes to trial. This shifts the threat...

The aim of this paper is to derive conditions under which either dictatorship or the rule of law are the equilibria of a post-constitutional game. It thus contributes to positive constitutional economics, i.e., the research program that is interested in explaining the emergence of constitutions...

Before joining the European Union countries from Central and Eastern Europe have to adopt the acquis communautaire, i.e. the system of legal rules developed in the Union. The paper outlines an economic theory of optimum legal areas, that is used to determine the optimal size of the Union as well...

Die empirische Prüfung theoretischer Forschungsergebnisse wirft in der Ökonomie - wie bei jeder Sozialwissenschaft - Probleme auf. Anders als in den Naturwissenschaften können kaum volkswirtschaftliche Labors errichtet werden. Seit einigen Jahren nutzen Ökonomen die Erfahrungen der...

This paper deals with EU-Directive 89/552/EEC "Television Without Frontiers", which enables each EU-country to set up a list of major events that are not allowed to be transmitted in Pay-TV. We analyze this kind of regulation using instruments of game-theory and monopoly-theory. We compare the...

Dieses Paper untersucht "property rights" im Stile der ökonomischen Analyse des Rechts. Dabei wird der Zusammenhang zwischen "property rights" und Allokationseffizienz ebenso behandelt wie der Schutz von "property rights" durch Unterlassungs- und Schadenersatzansprüche, durch Haftungsregeln...