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Cumulative Harm, Products Liability, and Bilateral Care

Andrew F. Daughety and Jennifer F. Reinganum.

in American Law and Economics Review

December 2013; p ublished online September 2013 .

Journal Article. Subjects: Tort Law; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 10629 words.

We extend consideration of cumulative harm in products liability to the case of bilateral care. For this specification, the level of care and the level of output chosen by the firm are...

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Does Court Speed Shape Economic Activity? Evidence from a Court Reform in India

Matthieu Chemin.

in The Journal of Law, Economics, and Organization

August 2012; p ublished online November 2010 .

Journal Article. Subjects: Market Structure, Firm Strategy, and Market Performance; Economic Development; Game Theory and Bargaining Theory; Production and Organizations; Law and Economics; Contract Law. 11445 words.

This article investigates the impact of quick courts on firms' contracting behavior and economic performance. In 2002, the Code of Civil Procedure Amendment Act was enacted in India to...

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The Ecological and Civil Mainsprings of Property: An Experimental Economic History of Whalers’ Rules of Capture

Bart J. Wilson, Taylor Jaworski, Karl E. Schurter and Andrew Smyth.

in The Journal of Law, Economics, and Organization

October 2012; p ublished online January 2012 .

Journal Article. Subjects: Property Law; Agricultural, Environmental, and Natural Resource Economics; Design of Experiments; Production and Organizations. 15674 words.

This article uses a laboratory experiment to probe the proposition that property emerges anarchically out of social custom. We test the hypothesis that whalers in the 18th and 19th...

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Expectation Damages and Bilateral Cooperative Investments

Daniel Göller.

in American Law and Economics Review

December 2014; p ublished online April 2014 .

Journal Article. Subjects: Contract Law; Game Theory and Bargaining Theory; Information, Knowledge, and Uncertainy; Market Structure, Firm Strategy, and Market Performance; Particular Labour Markets. 8898 words.

We examine the efficiency of the standard breach remedy expectation damages in a setting where the buyer invests cooperatively and the seller invests both cooperatively and selfishly....

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THE FTC, IP, AND SSOS: GOVERNMENT HOLD-UP REPLACING PRIVATE COORDINATION

Richard A. Epstein, F. Scott Kieff and Daniel F. Spulber.

in Journal of Competition Law & Economics

March 2012; p ublished online March 2012 .

Journal Article. Subjects: Law and Economics; General Economics; Technological Change; Research and Development; History of Economic Thought (1925 onwards); Household Behaviour and Family Economics; Property Law; Microeconomics; Analysis of Collective Decision-making; Manufacturing; Welfare Economics; Antitrust Issues and Policies; Economic History; Production and Organizations; Market Structure and Pricing; Information, Knowledge, and Uncertainy; Regulation and Industrial Policy; Capitalist Systems; Firm Objectives, Organization, and Behaviour; Market Structure, Firm Strategy, and Market Performance; History of Economic Thought (to 1925). 21147 words.

In its recent report entitled, “The Evolving IP Marketplace,” the Federal Trade Commission (FTC) proposes a far-reaching regulatory approach (Proposal) that is likely to interfere with the...

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Growing Out of Trouble? Corporate Responses to Liability Risk

Todd A. Gormley and David A. Matsa.

in The Review of Financial Studies

August 2011; p ublished online April 2011 .

Journal Article. Subjects: Production and Organizations; Corporate Governance; Mergers and Acquisitions; Tort Law. 19909 words.

This article analyzes corporate responses to the liability risk arising from workers' exposure to newly identified carcinogens. We find that firms, especially those with weak balance...

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Holdouts in Sovereign Debt Restructuring: A Theory of Negotiation in a Weak Contractual Environment

Rohan Pitchford and Mark L. J. Wright.

in The Review of Economic Studies

April 2012; p ublished online November 2011 .

Journal Article. Subjects: Contract Law; International Law; Production and Organizations; International Finance; Analysis of Collective Decision-making. 13392 words.

Why is it difficult to restructure sovereign debt in a timely manner? In this paper, we present a theory of the sovereign debt-restructuring process in which delay arises as individual...

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INCENTIVE EFFECTS FROM DIFFERENT APPROACHES TO HOLDUP MITIGATION SURROUNDING PATENT REMEDIES AND STANDARD-SETTING ORGANIZATIONS

F. Scott Kieff and Anne Layne-Farrar.

in Journal of Competition Law & Economics

December 2013; p ublished online November 2013 .

Journal Article. Subjects: Property Law; History of Economic Thought (1925 onwards); General Economics; Technological Change; Research and Development; Antitrust Issues and Policies; Production and Organizations; Market Structure and Pricing; Law and Economics. 16313 words.

Debates about patent policy often focus on the potential for the threat of a court-imposed remedy for patent infringement to cause manufacturing entities and others to suffer patent holdup,...

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INNOVATION AND OPTIMAL PUNISHMENT, WITH ANTITRUST APPLICATIONS

Keith N. Hylton and Haizhen Lin.

in Journal of Competition Law & Economics

March 2014; p ublished online September 2013 .

Journal Article. Subjects: Law and Economics; Criminal Law; Antitrust Issues and Policies; Market Structure and Pricing. 9137 words.

This article modifies the optimal punishment analysis by incorporating investment incentives with external benefits. In the models examined, the recommendation that the optimal penalty...

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Intertemporal Choice and Legal Constraints

M. Keith Chen and Alan Schwartz.

in American Law and Economics Review

April 2012; p ublished online December 2011 .

Journal Article. Subjects: Law and Economics; Household Behaviour and Family Economics; Intertemporal Choice and Growth; Tax Law; Contract Law. 13623 words.

We study the effect of legal constraints in an environment in which agents face demand shocks they would like to smooth but also have weakness of will: agents' long and short run...

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