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Agency culture, constitutional provisions and entrepreneurship: a cross-country analysis

Emanuela Carbonara, Enrico Santarelli, Martin Obschonka, Hien Thu Tran, Jeff Potter and Samuel D Gosling.

in Industrial and Corporate Change

June 2018; p ublished online December 2017 .

Journal Article. Subjects: Welfare Economics; Analysis of Collective Decision-making; Law and Economics; Public Economics; Entrepreneurship; Economic Sociology. 10232 words.

Abstract

Substantial and systematic cross-country variation in entrepreneurship rates has been found in various studies. We attempt to explain such differences...

CAN LOBBYING PREVENT ANTICOMPETITIVE OUTCOMES? EVIDENCE ON CONSUMER MONOPSONY IN TELECOMMUNICATIONS

Dino Falaschetti.

in Journal of Competition Law & Economics

December 2008; p ublished online June 2008 .

Journal Article. Subjects: Marketing; Analysis of Collective Decision-making; Energy and Utilities; Antitrust Issues and Policies; Law and Economics; Regulation and Industrial Policy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Public Economics. 12089 words.

When basic competition rules cannot stop market power abuses, industry-specific regulations can improve economic performance. But regulations are also more immediately exposed to political...

Caps on Coasean transfers

Ian A. MacKenzie and Markus Ohndorf.

in Oxford Economic Papers

April 2016; p ublished online February 2016 .

Journal Article. Subjects: Welfare Economics; Analysis of Collective Decision-making; Law and Economics; Agricultural Economics. 9186 words.

We investigate the efficiency of Coasean bargaining when transfers between agents are capped. We model a two-stage Coasean environment where, in the first stage, property rights are costly...

Church and State: An Economic Analysis

Keith N. Hylton, Yulia Rodionova and Fei Deng.

in American Law and Economics Review

October 2011; p ublished online August 2011 .

Journal Article. Subjects: Publicly Provided Goods; Economic Sociology; Microeconomics; Analysis of Collective Decision-making; Economic History; Law and Economics. 14015 words.

What purpose is served by a government’s protection of religious liberty? Many have been suggested, the most prominent of which center on the protection of freedom of belief and expression....

COMPETITION IN ANTITRUST REGULATION: LAW BEYOND LIMITS

Ronald A. Cass.

in Journal of Competition Law & Economics

March 2010; p ublished online March 2010 .

Journal Article. Subjects: Law and Economics; Antitrust Issues and Policies; Firm Objectives, Organization, and Behaviour; Analysis of Collective Decision-making. 16284 words.

Twenty-five years ago, Frank Easterbrook published his essay The Limits of Antitrust, in which he argued for a set of filters that government enforcement authorities and judges could use to...

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...

Court-Ordered Campaign Finance Deregulation and Stock Value of Contributors

Haishan Yuan.

in American Law and Economics Review

March 2015; p ublished online February 2015 .

Journal Article. Subjects: Analysis of Collective Decision-making; Other Economic Systems; Law and Economics. 13880 words.

The Bipartisan Campaign Reform Act of 2002 addressed two issues, soft money and independent expenditures on issue ads for electoral advocacy. The Supreme Court initially upheld most...

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...

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...

Government Control of Privatized Firms

Bernardo Bortolotti and Mara Faccio.

in The Review of Financial Studies

August 2009; p ublished online August 2008 .

Journal Article. Subjects: Analysis of Collective Decision-making; International Financial Markets; National Budget, Deficit, and Debt; Law and Economics; Nonprofit Organizations and Public Enterprise. 13638 words.

We study the change in government control of privatized firms in OECD (Organisation for Economic Co-operation and Development) countries. At the end of 2000, after the largest privatization...

How Business Community Institutions Can Help Fight Corruption

Avinash K. Dixit.

in The World Bank Economic Review

June 2015; p ublished online April 2015 .

Journal Article. Subjects: Microeconomics; Analysis of Collective Decision-making; Law and Economics; Socialist Institutions and their Transitions; Other Economic Systems. 7691 words.

Collective action by the business community to counter corruption in the award of government licenses and contracts is analyzed, by analogy with contract enforcement institutions studied by...

An Incomplete Contracting Approach to Administrative Law

Yehonatan Givati.

in American Law and Economics Review

April 2016; p ublished online October 2015 .

Journal Article. Subjects: Microeconomics; Analysis of Collective Decision-making; Law and Economics. 10802 words.

Across areas of law, administrative agencies employ four basic policymaking strategies: rulemaking, adjudication, advance ruling, and licensing. How should administrative agencies choose...

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...

Judicial Ingroup Bias in the Shadow of Terrorism

Moses Shayo and Asaf Zussman.

in The Quarterly Journal of Economics

August 2011; p ublished online August 2011 .

Journal Article. Subjects: Law and Economics; Demographic Economics; Economic Sociology; Microeconomics; Analysis of Collective Decision-making. 11494 words.

We study ingroup bias—the preferential treatment of members of one's group—in naturally occurring data, where economically significant allocation decisions are made under a strong...

A Model of Judicial Influence on Congressional Policy Making: Grove City College v. Bell

Brian A. Marks.

in The Journal of Law, Economics, and Organization

November 2015; p ublished online May 2012 .

Journal Article. Subjects: Analysis of Collective Decision-making; Law and Economics; Economic Sociology. 14735 words.

Traditional law and economic analysis has focused on legal rules directly related to the allocation of resources. Today, economic analysis is being used to examine more traditional legal...

More than Politics: Ability and Ideology in the British Appellate Committee

Matias Iaryczower and Gabriel Katz.

in The Journal of Law, Economics, and Organization

March 2016; p ublished online May 2015 .

Journal Article. Subjects: Econometric and Statistical Methods and Methodology: General; Analysis of Collective Decision-making; Law and Economics. 12192 words.

We argue that a model of judicial behavior that accounts for differences in justices’ ability and ideology provides a fruitful alternative for the empirical analysis of judicial...

Multiple Bank Lending, Creditor Rights, and Information Sharing

Alberto Bennardo, Marco Pagano and Salvatore Piccolo.

in Review of Finance

March 2015; p ublished online February 2014 .

Journal Article. Subjects: Analysis of Collective Decision-making; Antitrust Issues and Policies; Law and Economics; Regulation and Industrial Policy. 18474 words.

Multiple bank lending induces borrowers to take too much debt when creditor rights are poorly protected; moreover, banks wish to engage in opportunistic lending at their competitors’...

Of Tastes and Values

Guido Calabresi.

in American Law and Economics Review

December 2014; p ublished online September 2014 .

Journal Article. Subjects: General Economics; History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Economic Methodology; Microeconomics; Production and Organizations; Welfare Economics; Analysis of Collective Decision-making; Taxation, Subsidies, and Revenue; Publicly Provided Goods; Economics of Health; Education and Research Institutions; Law and Economics; Tort Law; Nonprofit Organizations and Public Enterprise; Capitalist Systems; Economic Sociology. 8249 words.

This lecture was delivered by Judge Calabresi upon receiving the Ronald H. Coase Medal at the Annual Meeting of the American Law and Economic Association at Stanford Law School on May 18,...

On Hatred

Tilman Klumpp and Hugo M. Mialon.

in American Law and Economics Review

March 2013; p ublished online March 2013 .

Journal Article. Subjects: Law and Economics; Criminal Law; Public Economics; Analysis of Collective Decision-making. 11208 words.

This paper investigates the effects of hatred in two-player games. We model hate as “reverse-altruism” or a preference for low opponent payoffs, and derive implications for behavior in...

Optimal Compensation for Regulatory Takings

Paul Pecorino.

in American Law and Economics Review

January 2011; p ublished online February 2011 .

Journal Article. Subjects: Law and Economics; Publicly Provided Goods; Analysis of Collective Decision-making. 7220 words.

I develop a model in which there are two groups in society, one of which bears all the costs of a regulation that provides (potentially unequal) benefits to both groups. Absent...