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Austrian Perspectives in Law and Economics

Shruti Rajagopalan and Mario J. Rizzo.

in The Oxford Handbook of Law and Economics

April 2017; p ublished online May 2017 .

Article. Subjects: Industry Studies; Econometric and Statistical Methods and Methodology: General. 10035 words.

This article describes and analyzes the Austrian approach to law and economics within the context of the law and economics discipline. The important and distinctive feature of the Austrian...

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Behavioral Economics and Antitrust

Mark Armstrong and Steffen Huck.

in The Oxford Handbook of International Antitrust Economics, Volume 1

December 2014; p ublished online April 2015 .

Article. Subjects: Economics; Econometric and Statistical Methods and Methodology: General; Industry Studies. 12073 words.

This survey chapter discusses nonstandard, or “behavioral,” approaches to firm behavior. It presents evidence that firms (or experimental subjects playing the role of firms) sometimes...

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Bounded Rationality, Behavioral Economics, and the Law

Christine Jolls.

in The Oxford Handbook of Law and Economics

April 2017; p ublished online May 2017 .

Article. Subjects: Industry Studies; Econometric and Statistical Methods and Methodology: General. 8117 words.

Behavioural economics has become a leading force in applied economics, including in economic analysis of law. At the heart of behavioural economics is the concept of bounded rationality....

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Carrots vs. Sticks

Giuseppe Dari-Mattiacci and Gerrit DeGeest.

in The Oxford Handbook of Law and Economics

April 2017; p ublished online May 2017 .

Article. Subjects: Industry Studies; Econometric and Statistical Methods and Methodology: General. 12222 words.

This article draws a general picture of the differences between the metaphors of carrots and sticks. It discusses incentive effects (in principle, a $100 carrot creates the same incentives...

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Collective Decision-Making and Jury Theorems

Shmuel Nitzan and Jacob Paroush.

in The Oxford Handbook of Law and Economics

April 2017; p ublished online May 2017 .

Article. Subjects: Industry Studies; Econometric and Statistical Methods and Methodology: General. 10445 words.

Issues related to collective decision making and to Condorcet jury theorems have been studied and publicly discussed for over two hundred years. Recently, there is a burgeoning interest in...

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Common Errors: How to (and Not to) Control for Unobserved Heterogeneity

Todd A. Gormley and David A. Matsa.

in The Review of Financial Studies

February 2014; p ublished online August 2013 .

Journal Article. Subjects: Economics; Financial Institutions and Services; Corporate Governance; Econometrics and Mathematical Economics; Econometric and Statistical Methods and Methodology: General. 20204 words.

Controlling for unobserved heterogeneity (or “common errors”), such as industry-specific shocks, is a fundamental challenge in empirical research.This paper discusses the limitations of two...

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Conducting Ethical Economic Research

Harold Alderman, Jishnu Das and Vijayendra Rao.

in The Oxford Handbook of Professional Economic Ethics

P ublished online March 2014 .

Article. Subjects: Industry Studies; Econometric and Statistical Methods and Methodology: General. 10555 words.

This chapter discusses practical issues confronted when conducting surveys as well as designing appropriate field trials. First, we look at the challenge of ensuring transparency while...

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Constitutional Economics and the Law

Stefan Voigt.

in The Oxford Handbook of Law and Economics

April 2017; p ublished online May 2017 .

Article. Subjects: Industry Studies; Econometric and Statistical Methods and Methodology: General. 9315 words.

The economic analysis of constitutions, also known as ‘constitutional economics’ or ‘constitutional political economy’ is a young research program. Standard economics used to focus on the...

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Contest Theory and its Applications in Sports

Helmut Dietl, Egon Franck, Martin Grossmann and Markus Lang.

in The Oxford Handbook of Sports Economics

May 2012; p ublished online September 2012 .

Article. Subjects: Economics; Industry Studies; Econometric and Statistical Methods and Methodology: General. 9715 words.

This article describes how the theory of contests is applied to professional team sports leagues. It presents the traditional Tullock contest and explains some basic properties of the...

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Contractarian Perspectives in Law and Economics

Georg Vanberg and Viktor Vanberg.

in The Oxford Handbook of Law and Economics

April 2017; p ublished online May 2017 .

Article. Subjects: Industry Studies; Econometric and Statistical Methods and Methodology: General. 10624 words.

This article sketches the distinct perspective that a contractarian approach can bring to law and economics. It focuses on a particularly important strand of the contractarian tradition:...

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