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Landes, William M. - 1974

An important question in the economic study of enforcement is the appropriate, and the actual, division of responsibilities between public and private enforcers. This question has been brought into sharp focus recently by an article in which Gary Becker and George Stigler advocate the...

Persistent link: https://www.econbiz.de/10012479061

The Evolution of a Legal Rule

Niblett, Anthony - 2008

The efficiency of common law rules is central to achieving efficient resource allocation in a market economy. While many theories suggest reasons why judge-made law should tend toward efficient rules, the question whether the common law actually does converge in commercial areas has remained...

Persistent link: https://www.econbiz.de/10012464791

Empirical Study of the Civil Justice System

Kessler, Daniel P. - 2004

In this essay, we discuss empirical research on the economic effects of the civil justice system. We discuss research on the effects of three substantive bodies of law- contracts, torts, and property- and research on the effects of the litigation process. We begin with a review of studies of...

Persistent link: https://www.econbiz.de/10012467864

Stand Your Ground Laws, Homicides, and Injuries

McClellan, Chandler B. - 2012

The controversies surrounding gun control policies have recently moved to the forefront of public's attention in the United States and elsewhere. Since 2005, eighteen states in the United States have passed laws extending the right to self-defense with no duty to retreat to any place a person...

Persistent link: https://www.econbiz.de/10012460473

Does Strengthening Self-Defense Law Deter Crime or Escalate Violence? Evidence from Castle Doctrine

Cheng, Cheng - 2012

From 2000 to 2010, more than 20 states passed laws that make it easier to use lethal force in self-defense. Elements of these laws include removing the duty to retreat in places outside of one's home, adding a presumption of reasonable belief of imminent harm, and removing civil liability for...

Persistent link: https://www.econbiz.de/10012460525

How Do Surrogates Make Treatment Decisions for Patients with Dementia? An Experimental Survey Study

Nicholas, Lauren Hersch; Langa, Kenneth M.; Halpern, … - National Bureau of Economic Research - 2024

Despite the growing need for surrogate decision-making for older adults, little is known about how surrogates make decisions and whether advance directives would change decision-making. We conducted a nationally representative experimental survey that cross-randomized cognitive impairment,...

Persistent link: https://www.econbiz.de/10014486208

Repossession and the Democratization of Credit

Assunção, Juliano J. - 2012

We exploit a 2004 credit reform in Brazil that simplified the sale of repossessed cars used as collateral for auto loans. We show that the change has led to larger loans with lower spreads and longer maturities. The reform expanded credit to riskier, low-income borrowers for newer, more...

Persistent link: https://www.econbiz.de/10012460801

Services in the Domestic Economy and in World Transactions

Kravis, Irving B. - 1983

economic activities between services and corrmodities. Service industries -- those producing non-storable outputs -- have been … restrictions on direct foreign investment in service sectors.Also, it may beasked why,if growth is to be the criterion of special … negotiating effort, the commodity-service dichotomy is relevant. Why not search for fast qrowing sectors amonq cammodities as well …

Persistent link: https://www.econbiz.de/10012477978

Dog Eat Dog : Measuring Network Effects Using a Digital Platform Merger

Farronato, Chiara - 2020

Digital platforms are increasingly the subject of regulatory scrutiny. In comparison to multiple competitors, a single platform may increase consumer welfare if network effects are large or may decrease welfare due to higher prices or reduction in platform variety. We study the net effect of...

Persistent link: https://www.econbiz.de/10012482266

Relative Prices and Sectoral Productivity

Duarte, Margarida - 2017

. We document that many disaggregated service categories--such as transportation, communication, and finance--feature a … differences across countries are larger in manufacturing than in services. The service sector comprises heterogeneous categories … document a substantial reallocation of expenditures in services from categories with positive income elasticities (traditional …

Persistent link: https://www.econbiz.de/10012453734