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Spite in Litigation
Mill, Wladislaw; Stäbler, Jonathan - 2023
This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and settlement requests are higher for more spiteful...
Persistent link: https://www.econbiz.de/10014260383
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Marginal Deterrence at Work
Crinò, Rosario; Immordino, Giovanni; Piccolo, Salvatore - 2017
We test the rational economic model of marginal deterrence of law enforcement - i.e., the need for graduating the penalty to the severity of the crime. We combine individual-level data on sentence length for a representative sample of US inmates with proxies for maximum punishment and monitoring...
Persistent link: https://www.econbiz.de/10011744971
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Do Judges Hate Speculators?
Hornuf, Lars - 2019
Historically, people have often expressed negative feelings toward speculators, a sentiment that might have even been reinforced since the latest financial crisis, during which taxpayer money was warranted or spent to bail out reckless investors. In this paper, we conjecture that judges may also...
Persistent link: https://www.econbiz.de/10012892211
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Statute law or case law? /
Anderlini, Luca; Felli, Leonardo; Riboni, Alessandro - 2008
In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably incomplete, this confers an advantage to the Statute Law regime over the Case Law one. However, all Courts rule ex-post, after most economic decisions are already taken. Therefore, the...
Persistent link: https://www.econbiz.de/10010264405
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The Economics of Platform Liability
Lefouili, Yassine; Madio, Leonardo - 2021
online platforms. In this paper, we provide an economic appraisal of platform liability that highlights the effects of a … stricter liability rule on several key variables such as prices, terms and conditions, business models, and investments. We … also discuss the impact of the liability regime applying to online platforms on competition between them and the incentives …
Persistent link: https://www.econbiz.de/10013243238
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Platform Liability and Innovation
Jeon, Doh-Shin; Lefouili, Yassine; Madio, Leonardo - 2022
the presence of such products on innovation and consumer welfare. For a given number of buyers, platform liability … interests between innovators and buyers. Furthermore, platform liability can have unintended consequences, which overturn the … intended effect on innovation. Platform liability tends to increase (decrease) innovation and consumer welfare when the …
Persistent link: https://www.econbiz.de/10014244021
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Platform Liability and Innovation
Jeon, Doh-Shin; Lefouili, Yassine; Madio, Leonardo - 2022
the presence of such products on innovation and consumer welfare. For a given number of buyers, platform liability … interests between innovators and buyers. Furthermore, platform liability can have unintended consequences, which overturn the … intended effect on innovation. Platform liability tends to increase (decrease) innovation and consumer welfare when the …
Persistent link: https://www.econbiz.de/10013427770
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Human Capital from Childhood Exposure to Homeownership: Evidence from Right-to-Buy
Disney, Richard; Gathergood, John; Machin, Stephen; … - 2024
"Right to Buy" (RTB) was a large-scale UK housing policy whereby incumbent tenants in public housing could buy their properties at heavily subsidised prices. The policy increased the national homeownership rate by over 10 percentage points between 1980 and the late 1990s. A key feature of RTB is...
Persistent link: https://www.econbiz.de/10015211269
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Swiftness and Delay of Punishment
Dušek, Libor; Traxler, Christian - 2024
This paper studies how the swiftness and delay of punishment affect behavior. Using rich administrative data from automated speed cameras, we exploit two (quasi-)experimental sources of variation in the time between a speeding offense and the sending of a ticket. At the launch of the speed...
Persistent link: https://www.econbiz.de/10014534394
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Political repression and child labor : theory and empirical evidence
Maffei, Sandro; Raabe, Nikolai; Ursprung, Heinrich W. - 2004
Most normative studies on child labor arrive at the conclusion that child labor is detrimental to social welfare. Child labor is, however, still prevalent in many developing countries even though in many of these countries it is forbidden by law. In this paper we develop a politicaleconomic...
Persistent link: https://www.econbiz.de/10010261268