In this paper, we examine the link between innovative activity on the part of firms, the competitive pressure to introduce innovations and optimal damages awards. While innovative activity brings forth valuable new products for consumers, competitive pressure in the ensuing innovation race...

Die konsequente Durchsetzung des Wettbewerbsprinzips zur Errichtung des EU-Binnenmarkts führt dazu, dass sich ein interjurisdiktioneller Wettbewerb zwischen den Mitgliedstaaten entfaltet. Dabei treten die Mitgliedstaaten auch mit ihren rechtlichen Regeln und Regulierungen in Konkurrenz. In...

The paper proposes a theoretical framework to explain policy drift, when identity moderates the principle-agent relation between the legislator and the bureaucracy. Our model points to the subtle interaction between different administrative levels of bureaucracy and how this interaction shapes...

Meta-organizations, such as joint ventures and other complex forms of inter-firm organizations, are characterized by the absence of formal authority. This lack of internal hierarchy can lead to severe conflicts between cooperating organizations and hence requires specific governance. This paper...

Often, religion, law and tradition co-evolve. Religious precepts shape social practice, which translates into law. Yet this harmony is not universal. The Sharia guarantees daughters their share in the family estate. Yet in Pakistan, this rule clashes with tradition. While the country was jointly...