Delaware is widely regarded as the global capital of corporate law and the leader in attracting incorporations. Its dominance is often attributed by legal scholars to its expert judiciary and reliance on judicial decision-making to develop corporate norms. Until recently, the prevailing view has...

We develop a strategy to measure the economic costs of poorly written laws, a potential threat to the rule of law. Using the full corpus of Italian legislation, we show that legal uncertainty - measured by the probability of disagreement between the Supreme Court of Cassation and lower courts -...

Die im Grundgesetz verankerte Schuldenbremse gilt unmittelbar auch für die Bundesländer. Daher ist es im Grundsatz naheliegend, die Regelungen in die Landesverfassung des Landes Nordrhein-Westfalen zu übernehmen, wie es ein Antrag der FDP-Fraktion vorsieht. Der Gesetzentwurf der FDP-Fraktion...

This technical assistance report outlines the current state and future objectives for regulating crypto assets in the Republic of Kenya. The report, prepared at the request of Kenya's Capital Markets Authority, involved an analysis of crypto-asset activities and the related regulatory framework....

This paper studies how legislative institutions shape distributive policy outcomes. Specifically, I analyze the effect of budget committee membership in the German Bundestag using a novel dataset of 4,629 geocoded federal grants (1999- 2023). Employing a within-legislator...

This paper examines the impact of marginal changes in municipal council size on the diversity of candidates and elected councilors in Brazil, focusing on age, gender, race, and educational attainment. Understanding how institutional changes affect representation is crucial for assessing the...