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An Axiomatic Approach to the Measurement of Corruption: Theory and Applications

James E. Foster, Andrew W. Horowitz and Fabio Méndez.

in The World Bank Economic Review

June 2012; p ublished online March 2012 .

Journal Article. Subjects: Law and Economics; Economic Development; Socialist Institutions and their Transitions. 7291 words.

No generally accepted framework exists for constructing and evaluating measures of corruption. This article shows how the axiomatic approach of the poverty and inequality literature can be...

Bankruptcy Codes and Innovation

Viral V. Acharya and Krishnamurthy V. Subramanian.

in The Review of Financial Studies

December 2009; p ublished online April 2009 .

Journal Article. Subjects: Corporate Governance; Law and Economics; Technological Change; Research and Development; Economic Growth and Aggregate Productivity; Economywide Country Studies. 18323 words.

We argue that when bankruptcy code is creditor friendly, excessive liquidations cause levered firms to shun innovation, whereas by promoting continuation upon failure, a debtor-friendly...

The Challenges of Bankruptcy Reform

Elena Cirmizi, Leora Klapper and Mahesh Uttamchandani.

in The World Bank Research Observer

August 2012; p ublished online July 2011 .

Journal Article. Subjects: Law and Economics; Bankruptcy; Corporate Regulation; Economic Development. 7385 words.

The 2008 financial crisis was followed by a global economic downturn, a credit crunch, and a reduction in cross-border lending, trade finance, and foreign direct investment, which adversely...

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Competition law in the Philippines: economic, legal, and institutional context

Mel Marquis.

in Journal of Antitrust Enforcement

April 2018; p ublished online August 2017 .

Journal Article. Subjects: Antitrust Issues and Policies; Law and Economics; Regulation and Industrial Policy; Economic Development; Economic Growth and Aggregate Productivity. 23529 words.

Abstract

Where democracy is fragile and institutions function poorly, particularly in a developing country, competition law faces tremendous challenges....

Competitive harm in global supply chains: assessing current responses and identifying potential future responses

David J Gerber.

in Journal of Antitrust Enforcement

April 2018; p ublished online September 2017 .

Journal Article. Subjects: General Economics; History of Economic Thought (1925 onwards); Microeconomics; Production and Organizations; Market Structure and Pricing; Analysis of Collective Decision-making; Information, Knowledge, and Uncertainy; International Factor Movements and International Business; International Relations and International Political Economy; Economics; Public Economics; Antitrust Issues and Policies; Law and Economics; Business and Management; Economic History; Economic Development. 9996 words.

Abstract

Global supply (or ‘value’) chains add much to the value of global markets, offering benefits to both producers and consumers. Yet, global supply...

Contract Enforcement: A Political Economy Model of Legal Development

Fali Huang.

in The Journal of Law, Economics, and Organization

August 2013; p ublished online March 2012 .

Journal Article. Subjects: Law and Economics; Publicly Provided Goods; Game Theory and Bargaining Theory; Economic Development. 14238 words.

In an effort to understand why the relative usage of relational and legal contracts differs across societies, this article builds a political economy model of legal development where legal...

Deals and Delays: Firm-level Evidence on Corruption and Policy Implementation Times

Caroline Freund, Mary Hallward-Driemeier and Bob Rijkers.

in The World Bank Economic Review

January 2016; p ublished online May 2015 .

Journal Article. Subjects: Law and Economics; Firm Objectives, Organization, and Behaviour; Regulation and Industrial Policy; Economic Development. 10240 words.

Whether demands for bribes for particular government services are associated with expedited or delayed policy implementation underlies debates around the role of corruption in private...

DO NPEs MATTER? NON-PRACTICING ENTITIES AND PATENT LITIGATION OUTCOMES

Michael J. Mazzeo, Jonathan H. Ashtor and Samantha Zyontz.

in Journal of Competition Law & Economics

December 2013; p ublished online November 2013 .

Journal Article. Subjects: Technological Change; Research and Development; Economic Sociology; Law and Economics; Econometrics and Mathematical Economics. 8496 words.

It is widely argued that so-called “patent trolls” are corrupting the U.S. patent system and endangering technology innovation and commercialization at large. For example, a recent White...

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...

Does the Internet Reduce Corruption? Evidence from U.S. States and across Countries

Thomas Barnebeck Andersen, Jeanet Bentzen, Carl-Johan Dalgaard and Pablo Selaya.

in The World Bank Economic Review

October 2011; p ublished online May 2011 .

Journal Article. Subjects: Law and Economics; Economic Development; Public Economics. 11160 words.

We test the hypothesis that the Internet is a useful technology for controlling corruption. In order to do so, we develop a novel identification strategy for Internet diffusion. Power...

DYNAMIC COMPETITION IN ANTITRUST LAW

J. Gregory Sidak and David J. Teece.

in Journal of Competition Law & Economics

December 2009; p ublished online November 2009 .

Journal Article. Subjects: Regulation and Industrial Policy; Antitrust Issues and Policies; Law and Economics; Technological Change; Research and Development. 21989 words.

How would competition policy be shaped if it were to explicitly favor Schumpeterian (dynamic) competition over neoclassical (static) competition? Schumpeterian competition is the kind of...

The Economics of Scientific Misconduct

Nicola Lacetera and Lorenzo Zirulia.

in The Journal of Law, Economics, and Organization

October 2011; p ublished online October 2009 .

Journal Article. Subjects: Technological Change; Research and Development; Law and Economics; Economic Sociology; Information, Knowledge, and Uncertainy. 14707 words.

This article presents a model of the research and publication process that analyzes why scientists commit fraud and how fraud can be detected and prevented. In the model, authors are...

The Effects of Business Environments on Development: Surveying New Firm-level Evidence

Lixin Colin Xu.

in The World Bank Research Observer

August 2011; p ublished online September 2010 .

Journal Article. Subjects: Law and Economics; Regulation and Industrial Policy; Economic Development; Market Structure, Firm Strategy, and Market Performance. 12947 words.

In the past decade, the World Bank has promoted improving business environments as a key strategy for development, which has led to a significant effort in collecting surveys of the...

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EFFICIENCY METRICS FOR COMPETITION POLICY IN NETWORK INDUSTRIES

Timothy J. Tardiff.

in Journal of Competition Law & Economics

December 2010; p ublished online December 2009 .

Journal Article. Subjects: Regulation and Industrial Policy; Antitrust Issues and Policies; Law and Economics; Technological Change; Research and Development. 5710 words.

In evaluating competition and regulatory policies, economists typically emphasize the extent to which such policies promote economic efficiency. The outcome of such evaluations—particularly...

The emerging market for intellectual property: drivers, restrainers, and implications

Ashby H. B. Monk.

in Journal of Economic Geography

July 2009; p ublished online February 2009 .

Journal Article. Subjects: Law and Economics; Economics; Urban, Rural, and Regional Economics; Business and Management; Technological Change; Research and Development. 11305 words.

The rise of the knowledge economy has ushered in important changes to the economic landscape. One such change is the emergence of a market for intellectual property (IP), and more...

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Enlarging the Contracting Space: Collateral Menus, Access to Credit, and Economic Activity

Murillo Campello and Mauricio Larrain.

in The Review of Financial Studies

February 2016; p ublished online November 2015 .

Journal Article. Subjects: Corporate Governance; Law and Economics; Economic Development. 14240 words.

Recent reforms across Eastern European countries have given more flexibility and information to parties to engage in secured debt transactions. The menu of assets legally accepted as...

EVALUATING ANTITRUST LENIENCY PROGRAMS

Joan-Ramon Borrell, Juan Luis Jiménez and Carmen García.

in Journal of Competition Law & Economics

March 2014; p ublished online August 2013 .

Journal Article. Subjects: Law and Economics; Antitrust Issues and Policies; Economic Growth and Aggregate Productivity; Analysis of Collective Decision-making. 9188 words.

This article identifies and then quantifies econometrically the impact of leniency programs on the perception of the effectiveness of antitrust policies in the business community using...

Evaluation of Price Policy in the Presence of Water Theft

Isha Ray and Jeffrey Williams.

in American Journal of Agricultural Economics

November 1999; p ublished online November 1999 .

Journal Article. Subjects: Law and Economics; Agricultural Economics; Economic Development. 0 words.

Mathematical programming models of “representative” farms are commonly used to evaluate policies such as input subsidies and output price supports. On canals in India, upstream farmers...

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The Evolution of Corporate Ownership after IPO: The Impact of Investor Protection

C. Fritz Foley and Robin Greenwood.

in The Review of Financial Studies

March 2010; p ublished online September 2009 .

Journal Article. Subjects: Corporate Governance; Law and Economics; Economic Growth and Aggregate Productivity. 13871 words.

Panel data on corporate ownership in thirty-four countries between 1995 and 2006 reveal that newly public firms have concentrated ownership regardless of the level of investor protection....

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...