Warum Shylock effizient sein kann Eine Theorie über Wucherverträge In diesem Beitrag demonstrieren wir die Besonderheit von Wucherverträgen in bezug auf Bankdarlehen. Wucher ist gewöhnlich ein ineffizientes Ergebnis versagender Kreditmärkte. In unserem dynamischen Mikromodell dagegen kann...

Although several established theories of crime often suggest an association between socio-economic background and youth criminal involvement, the empirical evidence for such claims diverges considerably. The aim of this paper is to re-investigate the relationship between family income and...

In this article, we propose to analyze the content of the Manifesto on European Criminal Procedure Law of 2013, and how this document can represent a foundation for the legal cooperation of the European states, and also for creating a unique, common space of European criminal justice. Elaborated...

We test the rational economic model of marginal deterrence of law enforcement - i.e., the need for graduating the penalty to the severity of the crime. We combine individual-level data on sentence length for a representative sample of US inmates with proxies for maximum punishment and monitoring...

Many regard the 2010-2012 Massachusetts Criminal Offender Record Information (CORI) Reform as a national model to improve ex-offenders' labor market outcomes. This reform prohibits most employers from inquiring about an individual's criminal history on the initial job application (the "ban the...

This paper examines how changes in employers' access to job applicants' criminal histories affect ex-offender recidivism. We use extensive state administrative data on individual criminal histories spanning the 2010-2012 Massachusetts Criminal Offender Record Information (CORI) Reform, widely...

Does early release decrease or increase the probability that ex-convicts will return to prison? We exploit unique data from Israeli courts, where appearance before the judge throughout the day has an arbitrary component. We first show that judges more often deny parole requests of prisoners...

This paper studies how the system by which mayors are elected impacts mayoral accountability and their provision of public goods. To do so, we analyze policing and crime incidence under mayors directly elected by voters and under mayors appointed by an elected body. Our identification strategy...

The United States federal mandatory minimums have been controversial not only because of the length of the mandatory sentences for even first-time offenders, but also because the eligibility quantities for crack are very small when compared to those for other drugs. This paper shows that the...