Why do some leaders use praise as a means to motivate workers, while other leaders use social punishment? This paper develops a simple economic model to examine how leadership styles depend on the prevailing labor-market conditions for workers. We show that the existence of a binding wage floor...

Civil liability is becoming an important instrument in the field of competition policy to guarantee compensation of victims of anticompetitive behaviors and to increase the effectivity of punishment (i.e. deterrence). In 2008 the White Paper on Antitrust Damages Actions, new possibilities for...

In an environment where the optimal level of care is unknown, we ask under a state of the art defense which method is better able to induce parties to undertake optimal care. Assuming courts can see a noisy signal of research activities undertaken by a defendant and some of its competitors, we...