Similar Search Results

Does Poor Legal Enforcement Make Households Credit-Constrained?

Fabbri, Daniela; Padula, Mario - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003

This paper analyzes the relation between the quality of the legal enforcement of loan contracts and the allocation of credit to households, both theoretically and empirically. We use a model of household credit market with secured debt contracts, where the judicial system affects the cost...

Persistent link: https://www.econbiz.de/10005859087

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/10010294602

Optimal reimbursement schemes in contests

Chowdhury, Subhasish M.; Cohen, Chen; Darioshi, Roy; … - 2024

Many contests, such as innovation races or litigation, often involve reimbursement of expenses. This study examines optimal reimbursement schemes in two-player Tullock contests, analyzing four reimbursement structures: external and internal mechanisms targeting the contest winner or loser. We...

Persistent link: https://www.econbiz.de/10015166303

Reputation, social identity and social conflict

Smith, John - 2007

We interpret the psychology literature on social identity and examine its implications in a population partially composed of such agents. We model a population of agents from two exogenous and well defined social groups. Agents are randomly matched to play a reduced form bargaining game. We show...

Persistent link: https://www.econbiz.de/10010266354

Choosing Opponents in Prisoners' Dilemma: An Evolutionary Analysis

Engseld, Peter; Bergh, Andreas - 2005

to cooperate, called reputation, and form preferences over opponents based on their reputation. A game takes place when … two agents agree to play. Pareto optimal cooperation is evolutionarily stable when reputation perfectly reflects … propensity to cooperate. With some reputation noise, there will be at least some cooperation. Individual concern for reputation …

Persistent link: https://www.econbiz.de/10013208494

Strategic teaching and learning in games

Schipper, Burkhard C. - 2015

It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic leading to Nash equilibrium in all finite games that a...

Persistent link: https://www.econbiz.de/10011545296

Financial Market Enforcement in France

de Batz, Laure - 2022

This paper puts into perspective enforcement as conducted by the French Financial Market Authority since its creation in 2003 until 2021 with regards to the current state of the literature on financial crimes. We survey exhaustively the three main channels of action: sanctions, settlements...

Persistent link: https://www.econbiz.de/10014547763

Litigation and Settlement under Judicial Agency

Koçkesen, Levent; Usman, Murat - 2011

We model the settlement of a legal dispute where the trial outcome depends on the behavior of a strategically motivated judge. We consider a standard asymmetric information model where the uninformed defendant makes a take it or leave it offer. If the case goes to trial, the judge decides how...

Persistent link: https://www.econbiz.de/10010500186

Improving taxation environment: Attracting foreign direct investment

Singh, R. R. - 2016

With opening of the economy in 1991 and subsequent removal of regulatory and trade barriers, India became an attractive investment (Foreign Direct Investment-FDI) destination. A large number of multinationals have established operations in India to utilise the services of available skilled...

Persistent link: https://www.econbiz.de/10011807864

Anti-suit Injunctions and Geopolitics in Transnational SEPs Litigation

Colangelo, Giuseppe; Torti, Valerio - 2021

Anti-suit injunctions (ASIs) have recently emerged as a phenomenon significantly affecting the dynamics of standard essential patent (SEP) litigation. The enhanced role played by these patents in the Internet of Things scenario and the willingness of national courts to set themselves up as...

Persistent link: https://www.econbiz.de/10013310983