The standard model of optimal deterrence predicts that the probability of wrongful conviction of the innocent is, at the margin, as detrimental to deterrence as the probability of wrongful acquittal of guilty individuals. We extend the model in several directions: using expected utility as well...

This paper provides an overview of a recently proposed spectrum sharing model – 'Authorized Shared Access' or 'Licensed Shared Access' (ASA/LSA) – and compares it to other sharing models in order to outline its distinctive features and fields of application. The main feature of this new...

The key role of institutions for economic performance has recently been acknowledged in the economic policy debate. This paper aims at pointing out the main policy lessons and the recommendations to be drawn from New Institutional Economics (NIE), when considering the organization of markets. We...

The Law and Economics literature on public law enforcement has generally treated separately the issue of marginal deterrence from that of punishing repeated offenders though escalating penalties. We extend the model provided by Emons (2003) to show how pursuing both policies may generate an...

In this paper we compare - in the laboratory - stoppage and virtual strike. Our experiment confirms that higher wages offered by an employer lead to considerably more costly effort provision. The number of strikes, the level of efforts and average total payoffs are higher under virtual strike...

This paper investigates the interplay between copyright law and antitrust law in two distinct respects. We first argue that the origin of copyright seems to be rooted not only in the need to foster the production and the spread of knowledge but also in the necessity of limiting market power on...

In this paper we outline the economic rationale behind the virtual strike, and workers' incentives to use this bargaining solution rather than resorting to standard strike. We show that, from a welfare perspective, a virtual strike always dominates a standard strike and it would be most needed...