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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...

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...

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...

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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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...

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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Institutional Support of the Firm: A Theory of Business Registries

Benito Arruñada.

in Journal of Legal Analysis

January 2010; p ublished online January 2010 .

Journal Article. Subjects: Law and Economics; Regulation and Industrial Policy; Economic Development. 0 words.

Registering originative business contracts allows entrepreneurs and creditors to choose, and courts to enforce, market-friendly “contract” rules that protect innocent third parties when...

Investor Protection and Interest Group Politics

Lucian A. Bebchuk and Zvika Neeman.

in The Review of Financial Studies

March 2010; p ublished online June 2009 .

Journal Article. Subjects: Analysis of Collective Decision-making; Financial Institutions and Services; Corporate Governance; Law and Economics; Economic Development. 15207 words.

We model how three groups—insiders in existing public companies, institutional investors, and entrepreneurs planning to take firms public—compete for influence over politicians setting the...

Is the World Flat? Country- and Firm-Level Determinants of Law Compliance

Alberto Chong and Mark Gradstein.

in The Journal of Law, Economics, and Organization

August 2011; p ublished online June 2009 .

Journal Article. Subjects: Law and Economics; Economywide Country Studies; Production and Organizations; Economic Development. 8234 words.

This research revisits the effects of a country’s institutional framework on individual firms’ behavior, focusing, in particular, on firms’ propensity to comply with legal rules. We purport...

Labour migration policy and constitutional change in Scotland

David N. F. Bell, Allan Findlay, David McCollum and Robert E. Wright.

in Oxford Review of Economic Policy

January 2014; p ublished online August 2014 .

Journal Article. Subjects: Law and Economics; International Factor Movements and International Business; Demographic Economics; Economic Development. 6340 words.

Scotland is holding a referendum on independence in 2014, which implies that the Scottish government would become responsible for migration policy in the event of a ‘Yes’ vote. Control over...

Multinational corporations’ economic and human rights impacts on developing countries: a review and research agenda

Elisa Giuliani and Chiara Macchi.

in Cambridge Journal of Economics

March 2014; p ublished online November 2013 .

Journal Article. Subjects: Law and Economics; International Factor Movements and International Business; Economic Development. 22064 words.

Developing countries are attracting a significant portion of global foreign direct investments. Governments of such countries often compete fiercely for attracting multinational...

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The political economy of financial development

Sourafel Girma and Anja Shortland.

in Oxford Economic Papers

October 2008; p ublished online September 2007 .

Journal Article. Subjects: Law and Economics; Financial Regulation; Capitalist Systems; Economic Development. 11217 words.

Political economy theories of financial development argue that in countries where a narrow elite controls political decisions, financial development may be obstructed to deny access to...

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Weather Index Insurance for Agriculture and Rural Areas in Lower-Income Countries

Barry J. Barnett and Olivier Mahul.

in American Journal of Agricultural Economics

December 2007; p ublished online December 2007 .

Journal Article. Subjects: Economic Development; Environmental Economics; Law and Economics; Agricultural Economics; Regulation and Industrial Policy; Insurance. 3795 words.

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Who Benefits from Customary Justice? Rent-seeking, Bribery and Criminality in sub-Saharan Africa

Olivia D'Aoust and Olivier Sterck.

in Journal of African Economies

June 2016; p ublished online June 2016 .

Journal Article. Subjects: Law and Economics; Economic Development; Analysis of Collective Decision-making. 13988 words.

In many African countries, customary and statutory judicial systems co-exist. Customary justice is exercised by local courts and based on restorative principles, while statutory justice is...