Similar Search Results

Adversarial and Inquisitorial Procedures in Arbitration

Shin, Hyun Song - C.E.P.R. Discussion Papers - 1997

Should arbitrators adjudicate on the basis of their own investigations, or invite the interested parties to make their cases and decide on the basis of the information so gathered? I call the former the inquisitorial procedure in arbitration and the latter the adversarial procedure. I conduct a...

Persistent link: https://www.econbiz.de/10005504638

Foreign Aid Designed to Diminish Terrorist Atrocities can Increase Them

Mandler, Michael; Spagat, Michael - C.E.P.R. Discussion Papers - 2003

A domestic power faces an enemy and commits terrorist atrocities to increase the likelihood of victory. A foreign patron can grant aid to the power but prefers fewer or no atrocities. The domestic power responds by acquiescing in the creation of uncontrollable paramilitaries that commit even...

Persistent link: https://www.econbiz.de/10005504744

On the Strategic Disclosure of Feasible Options in Bargaining

de Clippel, Geoffroy; Eliaz, Kfir - C.E.P.R. Discussion Papers - 2011

Most of the economic literature on bargaining has focused on situations where the set of possible outcomes is taken as given. This paper is concerned with situations where decision-makers first need to identify the set of feasible outcomes before they bargain over which of them is selected. Our...

Persistent link: https://www.econbiz.de/10008854532

Communication in Federal Politics: Universalism, Policy Uniformity, and the Optimal Allocation of Fiscal Authority

Kessler, Anke - C.E.P.R. Discussion Papers - 2010

The paper presents a positive model of communication in federal legislatures to study the incentives of members to … consideration, communication between delegates generally suffers from a bias that make truthful revelation difficult and sometimes …-)centralization, which revisits Oates' decentralization theorem in a world of incomplete information and strategic communication. Empirical …

Persistent link: https://www.econbiz.de/10008554245

Cheap Talk with Multiple Audiences: an Experimental Analysis

Battaglini, Marco; Makarov, Uliana - C.E.P.R. Discussion Papers - 2010

communication between the sender and the receiver in a way consistent with the theoretical predictions. Deviations from the …

Persistent link: https://www.econbiz.de/10008784698

Should Egalitarians Expropriate Philanthropists?

Dasgupta, Indraneel; Kanbur, Ravi - C.E.P.R. Discussion Papers - 2007

Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....

Persistent link: https://www.econbiz.de/10005504401

Collateral Damage: Trade Disruption and the Economic Impact of War

Glick, Reuven; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2005

Conventional wisdom in economic history suggests that conflict between countries can be enormously disruptive of economic activity, especially international trade. Yet nothing is known empirically about these effects in large samples. We study the effects of war on bilateral trade for almost all...

Persistent link: https://www.econbiz.de/10005504411

Multiple Lenders and Corporate Distress: Evidence on Debt Restructuring

Brunner, Antje; Krahnen, Jan Pieter - C.E.P.R. Discussion Papers - 2004

In the recent theoretical literature on lending risk, the common pool problem in multi-bank relationships has been analysed extensively. In this Paper we address this topic empirically, relying on a unique panel dataset that includes detailed credit-fie information on distressed lending...

Persistent link: https://www.econbiz.de/10005504452

Courts of Law and Unforeseen Contingencies

Anderlini, Luca; Felli, Leonardo; Postlewaite, Andrew - C.E.P.R. Discussion Papers - 2001

We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides...

Persistent link: https://www.econbiz.de/10005504519

Property Crime with Private Protection: A Market-for-Offenses Approach

Hotte, Louis; Valognes, Fabrice; van Ypersele, Tanguy - C.E.P.R. Discussion Papers - 2003

We propose a market-for-offenses model of property crime, which explicitly accounts for protection expenditures among heterogeneous individuals. The crime equilibrium is modeled as a free-access equilibrium in which the match between criminals and victims equates the average returns to crime. We...

Persistent link: https://www.econbiz.de/10005504660