The joint liability literature claims that positive assortative matching, or risk homogeneity, is always the first best solution. We examine this claim in presence of group formation costs and find that the assertion is not always true

This chapter examines anti-cartel enforcement in selected jurisdictions around the world, paying particular attention to the role of private court actions in attaining optimally deterring sanctions. The principal conclusions are as follows. There are numerous indicators that enforcement in North...

Social science has long played a role in examining the efficacy and fairness of the death penalty. Empirical studies of the deterrent effect of capital punishment were cited by the Supreme Court in its landmark cases in the 1970s; most notable was the 1975 Isaac Ehrlich study, which used...

This is one of the first articles to demonstrate that the primary goal of antitrust is neither exclusively to enhance economic efficiency, nor to address any social or political factor. Rather, the overriding intent behind the merger laws was to prevent prices to purchasers from rising due to...

The paper offers an empirical analysis of private antitrust enforcement in Germany based on cases that were decided by courts between 2005 and 2007. The study presents information about the magnitude and nature of civil antitrust actions in Germany. The data includes inter alia, information...

The Public Competition Enforcement Review (Shaun Goodman, ed., London: Law Business Research, 2010) provides a guide to the work of competition authorities worldwide, and the consequences for business, featuring analysis of key cases, developments and hot topics, as well as clarifying what...

The choice to pursue international arbitration and adjudication is part of a political bargaining process. Since bargaining over contentious issues in international relations occurs in the shadow of potential military conflict, the outcomes of negotiations often reflect the balance of power...

The current enforcement proceeding on mortgaged property is not a particular procedure but an enforcement proceeding in which there are some peculiarities for the execution of a particular property. This fundamental difference introduced by 1 / 2000 7th January, Civil Procedure Act, should be...

Although legal sanctions are often non-deterrent, we frequently observe compliance with ‘mild laws'. A possible explanation is that the incentives to comply are shaped not only by legal, but also by social sanctions. This paper employs a novel experimental approach to study the link between...