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Europe's future after the European Council meeting of June 2007: A panel discussion

Bordignon, Massimo; Gros, Daniel; Roland, Gérard; … - In: CESifo Forum 08 (2007) 4, pp. 39-44

Persistent link: https://www.econbiz.de/10011695883

Trust in the shadow of the courts if judges are no better

Brennan, Geoffrey; Güth, Werner; Kliemt, Hartmut - 1997

Can a court system conceivably control opportunistic behavior if judges are selected from the same population as ordinary citizens and thus are no better than the rest of us? This paper provides a new and, as we claim, quite profound rational choice answer to that unsolved riddle. Adopting an...

Persistent link: https://www.econbiz.de/10010310773

Testing the endowment effect for default rules

Marcin, Isabel; Nicklisch, Andreas - 2014

This paper explores potential endowment effects of contractual default rules. For this purpose, we analyze the Hadley liability default clause in a model of bilateral bargaining of lotteries against safe options. The liability default clause determines the right for the safe payoff option. We...

Persistent link: https://www.econbiz.de/10010334525

Explicit evidence of an implicit contract

Young, Andrew T.; Levy, Daniel - 2013

We thank three anonymous referees for thoughtful comments and suggestions which we found very constructive and helpful. We are particularly grateful to the editor, Al Klevorick, for his advice and painstaking guidance through the multiple revision process. We thank Robert Barsky, Susanto Basu,...

Persistent link: https://www.econbiz.de/10010336017

Explicit Evidence of an Implicit Contract

Young, Andrew T.; Levy, Daniel - In: The Journal of Law, Economics, and Organization 30 (2014) 4, pp. 804-832

We offer the first direct evidence of an implicit contract in a goods market. The evidence comes from the market for …-Cola Company left a written evidence of the implicit contract with its customers—a very explicit form of an implicit contract. The … implicit contract promised a 6.5oz Coca-Cola of a constant quality, the “secret formula,” at a constant price, 5¢. We show that …

Persistent link: https://www.econbiz.de/10012140624

Norms among heterogeneous agents: a rational-choice model

Zdybel, Karol B. - 2024

Spontaneous norms, or simply norms, can be defined as rules of conduct that emerge without intentional design and in the absence of purposeful external coordination. While the law and economics scholarship has formally analyzed spontaneous norms, the analysis has typically been limited to...

Persistent link: https://www.econbiz.de/10014476206

The characteristics and the legal nature of the supervisory and resolution handbook of the EBA

Giotaki, Zoi Jenny; de la Bouillerie, Pauline; Nebot … - 2023

Article 16 of the EBA Founding Regulation enables the EBA to issue guidelines and recommendations, while Articles 8 (1) (aa) and (ab) and 29 (2) of that Regulation enable it to develop a handbook for supervision and resolution. The European Court of Justice (ECJ or Court, hereinafter), in its...

Persistent link: https://www.econbiz.de/10014565212

Impact assessment of the Facilitadores Judiciales programme in Nicaragua

Barendrecht, Maurits; Kokke, Margot; Gramatikov, Martin; … - 2013

Facilitadores Judiciales is a programme run by the Organization of the American States and the Nicaraguan judiciary. The main objective of the programme is to improve access to justice for the disadvantaged people in Nicaragua. From 1998 to 2010 the programme was implemented in almost all rural...

Persistent link: https://www.econbiz.de/10010333699

La cohesión social económica y su efecto sobre la el pago de impuestos en la ciudad de La Paz

Zilvety Derpic, Ricardo; Villegas Quino, Horacio; … - 2015

This investigation has the objective of study the social cohesion and its relationship with tax evasion in Bolivia. Social cohesion, understood in simple terms as all the elements that maintain a society together, determines the cooperation between individuals. Using indicators proposed by ECLAC...

Persistent link: https://www.econbiz.de/10011810986

Consumer credit in the age of AI: Beyond anti-discrimination law

Langenbucher, Katja - 2022

Search costs for lenders when evaluating potential borrowers are driven by the quality of the underwriting model and by access to data. Both have undergone radical change over the last years, due to the advent of big data and machine learning. For some, this holds the promise of inclusion and...

Persistent link: https://www.econbiz.de/10013454741