Why do some leaders use praise as a means to motivate workers, while other leaders use social punishment? This paper develops a simple economic model to examine how leadership styles depend on the prevailing labor-market conditions for workers. We show that the existence of a binding wage floor...

When several plaintiffs file individually a lawsuit against the same tortfeasor, the resolution of the various cases through repeated trials produces positive informational externalities, which benefit to the later plaintiffs (since there exist precedents, jurisprudence...). Thus, the first...

For contemporary legal theory, law is essentially an interpretative and hermeneutic practice (Ackerman (1991), Horwitz (1992)). A straightforward consequence is that legal disputes between parties are motivated by their divergent interpretations regarding what law says on their case. This point...

Civil liability is becoming an important instrument in the field of competition policy to guarantee compensation of victims of anticompetitive behaviors and to increase the effectivity of punishment (i.e. deterrence). In 2008 the White Paper on Antitrust Damages Actions, new possibilities for...

Behavioral approach is nowadays one most prominent field within law and economics literature. Applying bias and heuristics to the law draws new insights and mechanisms on the role and functions of law in society. By studying Sunstein?s works on this topic, we argue that two different normative...

In an environment where the optimal level of care is unknown, we ask under a state of the art defense which method is better able to induce parties to undertake optimal care. Assuming courts can see a noisy signal of research activities undertaken by a defendant and some of its competitors, we...

We debate the contribution of the economic analysis of legal procedures, with a special regard for the debate between inquisitorial and accusatory systems and the judge?s role in the course of the procedure. The article proposes a presentation of the literature and develops specific models...

The aim of this paper is to determine the legal regulation adapted to the development of Internet. We show that the law and economics model is partially transposable in cyberspace legal order. Starting from the statement of similarity between real and virtual world judicial problems, we explain...