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Divorce and the Excess Burden of Lawyers

Halla, Martin - 2007

We present a model where divorcing spouses can choose to hire lawyers in their divorce process. Spouses encounter incentives as in the classical prisoners' dilemma: Despite the zero sum nature of the game and the lawyers' fees, each spouse has an incentive to hire a lawyer. We propose a simple...

Persistent link: https://www.econbiz.de/10014224542

Contracts between Legal Persons

Kornhauser, Lewis A. - 2010

Contract law and the economics of contract have, for the most part, developed independently of each other. In this essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize the economics literature on contract. The title, Contracts...

Persistent link: https://www.econbiz.de/10013135191

Can Reputation Discipline the Gig Economy? Experimental Evidence from an Online Labor Market

Benson, Alan - 2015

In two experiments, we examine the effects of employer reputation in an online labor market (Amazon Mechanical Turk) in … reputation, we find that good-reputation employers attract work of the same quality but at twice the rate as bad-reputation … employers. This is the first clean, field evidence on the value of employer reputation. It can serve as collateral against …

Persistent link: https://www.econbiz.de/10013011179

Access to Justice and Entrepreneurship : Evidence from Brazil's Special Civil Tribunals

Lichand, Guilherme - 2011

Entrepreneurship is usually identified as an important determinant of aggregate productivity and long-term growth. The determinants of entrepreneurship, nevertheless, are not entirely understood. A recent literature has linked entrepreneurship to the development of the justice system. This paper...

Persistent link: https://www.econbiz.de/10013120850

Crime, Prosecutors, and the Certainty of Conviction

Entorf, Horst - 2011

This paper tests predictions of a structural, augmented supply-of-offenders model regarding the relative effects of police, public prosecution and courts, respectively, on crime. Using detailed data on the different stages of the criminal prosecution process in Germany, empirical evidence...

Persistent link: https://www.econbiz.de/10013125473

Dismissal Laws in Australia : Reforms and Enforcement by Labour Courts

Freyens, Benoit - 2015

The paper analyses the arbitration of dismissal disputes by Australian labour courts over a 15 years' time span characterized by two major legal reforms to unfair dismissal statutes. We isolate two channels by which we think the social values of the Federal government affected the decisions of...

Persistent link: https://www.econbiz.de/10013016200

Vote Influence in Group Decision-Making : The Changing Role of Justices' Peers on the Supreme Court

Mindock, Maxwell - 2019

We consider the voting behavior of Supreme Court Justices, finding evidence of co-dependencies in their votes. Coincident with changes in the party imbalance of the Court over time, sharp discontinuities in these dependencies are evident. Overall, the patterns suggest a tradeoff between...

Persistent link: https://www.econbiz.de/10012870164

Caste, Courts and Business

Chakraborty, Tanika; Mukherjee, Anirban; Saha, Sarani; … - 2022

We study the role of formal institutions of contract enforcement in facilitating investments in small and medium firms(MSME). In a framework where established entrepreneurs can enforce contracts informally using their network ties and hierarchical advantage, we argue that an efficient formal...

Persistent link: https://www.econbiz.de/10014083898

More than the Money : Payoff-Irrelevant Terms in Relational Contracts

Goerg, Sebastian J. - 2018

We investigate how payoff-irrelevant terms can negatively impact relational contracts. In a lab experiment we compare two economically equivalent contracts – a fixed-term renewable and an open-ended at-will contract. Each contract provides partners with full flexibility regarding the length...

Persistent link: https://www.econbiz.de/10012912695

Producer Protection Legislation and Termination Damages in the Presence of Contracting Frictions

Wu, Steven Y. - 2009

This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...

Persistent link: https://www.econbiz.de/10013156403