Should loss of earnings be compensated? The established law and economics wisdom considers pure economic loss as a transfer of wealth from the victim to a third party, whose earnings increase as a consequence of the accident. Such transfers do not amount to a social loss and, hence, should not...

In this paper we discuss determinants of firm survival and growth in Germany within its pre-1989 boundaries. We develop our central hypotheses on the basis of a simple theoretical model describing the self-selection of heterogeneous entrepreneurs into particular legal forms, and the implications...

The U.S. tort system has experienced various reforms during the last three decades. While there is a broad literature on the consequences of these reforms, very little is known about their determinants. In this study, we investigate the politico-economic forces that were driving the reform...

Der Schadensersatz bei Patentrechtsverletzungen wird in der Schweiz wie in Deutschland unter grundsätzlich vergleichbaren Voraussetzungen geschuldet. Auf Rechtsfolgenseite unterscheiden sich aber die Möglichkeiten, welche sich dem Patentinhaber bieten. So ist insbesondere nach einem...