The objective of this study is to determine how perception of corruption affects the relationship between women's empowerment and gender inequality in Sub-Saharan Africa. To do this, it uses two estimators of the generalized method of moments on a sample of 45 countries between 2002 and 2021. It...

Neo-institutional economics covers various subject areas that are not the traditional domain of economics, while still employing the tools of economic analysis such as: rational choice theory and equilibrium theory. Many fields of study, including law, firms, property, etc., are characterised as...

Biological drugs account for just two percent of prescriptions filled in the U.S. but fifty percent of prescription-drug spending. To explore the role patents play in explaining high biologics prices, we build the first comprehensive database of patents associated with all FDA-approved...

This paper offers a synthesis of a classroom experience-based learning (CEBL), for students training in critic-creative and entrepreneurship thinking applied to the management of social-business digital currencies (SBDC), to increase wealth and wellbeing in their communities and organizations....

Legal claims are increasingly being considered as an alternative asset class, however, there appears to be a lack of a standard methodology for valuing litigation risk. This paper proposes a dynamic real options framework for the valuation of legal claims, explicitly incorporating the...

Eviction may be an important channel for the intergenerational transmission of poverty, and concerns about its effects on children are often raised as a rationale for tenant protection policies. We study how eviction impacts children's home environment, school engagement, educational...

This paper examines how power lawyers shape judicial and economic outcomes by studying the "revolving door" between judges and lawyers in China's judicial system--namely, former judges who quit the bench to practice law. In otherwise identical lawsuits, revolving-door lawyers deliver 8-23%...

This paper develops the building blocks for a legal theory of finance. LTF holds that financial markets are legally constructed and as such occupy an essentially hybrid place between state and market, public and private. At the same time, financial markets exhibit dynamics that frequently put...

This article tells the story of University of Strathclyde Mediation Clinic through the eyes of its founder. Taking its first case in 2012, by the start of 2021 it will be providing a free mediation service in 16 of Scotland’s 39 sheriff courts, covering more than half the country's population....

We study the labor market impacts of retroactively reducing felonies to misdemeanors in San Joaquin County, CA, where criminal justice agencies implemented Proposition 47 reductions in a quasi-random order, without requiring input or action from affected individuals. Linking records of...