the economics of law

... challenge to the mainstream treatment of the subject of law and order in the field of political philosophy, they may be seen as less applicable to the parallel investigations in the field of economics ... all of the processes mentioned earlier, hence making the topic of the vol-untary, contractual provision of law and order all the more significant It is also likely that the unfolding of these ... costs for the producer, whereas in the case of non-excludable goods the social gains, including the gains of the free riders, outweigh the private gains of the producer, which undermines the incentive

Ngày tải lên: 06/01/2020, 10:13

... letterman may be the man of the present, but the man of the future is the man of statistics and the master of economics.’ Justice O W Holmes (1897) Trang 13One branch of the economics of law is concerned ... explained is the bedrock of the Coase Theorem and the economics of law The Coase Theorem The Coase Theorem states that in the absence of transactions costs the legal position does not affect the effi ... This branch of the economic approach to the law is often seen as synonymous with the analysis of the common law – judge-made law on contract, property and tort (the area of the common law that deals

Ngày tải lên: 07/07/2014, 18:21

... from the ex-post point of view, the debtor-friendly bankruptcy law may be more efficient Bankruptcy law in the ex-post sense should minimize the cost of bankruptcy and at the ... Bankruptcy adds value for the creditor because the court verifies the assets and liabilities of the debtor, liquidates the assets, and repays the senior creditor (the bank) first 2.3 ... rights from the insolvent debtor to creditors before the start of the bankruptcy process La Porta et al 10 2 General Issues in Bankruptcy Law The design of bankruptcy law should

Ngày tải lên: 01/11/2014, 16:28

... residents of the poor municipality, education spending for the residents of the poor municipality, other public goods for the residents of the poor municipality, and all other goods for all the other ... have examined a thesis entitled Essays in the Economics of Education Trang 7Essays in the Economics of Education A thesis presented by Nora Elizabeth Gordon to the Department of Economics in ... rightward by the amount of the Title I grant, the state spends only a fraction on aid to the poor municipality In the second panel of the figure, the poor municipality divides its budget between other

Ngày tải lên: 07/03/2014, 02:20

... '8The risk estimate for each cell is the mean risk among observations in the cell The tange of the confidence interval for the mean will vary inversely with the square root of the number of ... is the height-weight-risk surface itself, of which the contour map is but one of the many possible ways of representing it However, a diagram that shows the contour levels of the surface together ... Trang 3THE UNIVERSITY OF CHICAGO THE ECONOMICS OF NUTRITION, BODY BUILD, AND HEALTH: WAALER SURFACES AND PHYSICAL HUMAN CAPITAL A DISSERTATION SUBMITTED TO THE FACULTY OF THE DIVISION OF THE SOCIAL

Ngày tải lên: 07/03/2014, 02:20

... in the United States.’ Emst R Bemdt is professor of applied economics at the Sloan School of Management at the Massachusetts Institute of Technology Linda T Bui is assistant professor of economics ... is assistant professor of economics at Vanderbilt University Glen L Urban is professor of marketing and dean of the Sloan School of Management at the Massachusetts Institute of Technology ... and marketing behavior of the manufacturers, the sales and market shares they attained, and the data sources underlying these statistics 7.3 Overview of the Data Most of the data used in this

Ngày tải lên: 07/03/2014, 08:20

... examines the evidence on the economic impacts of climate change itself, and explores the economics of stabilising greenhouse gases in the atmosphere The second half of the Review considers the complex ... Chancellor of the Exchequer, reporting to both the Chancellor and to the Prime Minister, as a contribution to assessing the evidence and building understanding of the economics of climate change The ... effect on the climate over the next 40 or 50 years On the other hand what we do in the next 10 or 20 years can have a profound effect on the climate in the second half of this century and in the next

Ngày tải lên: 08/03/2014, 06:20

... issuance of equity of an amount D... decreases the probability of default The choice of the conversion ratio needs to solve a trade-off: on the one hand, the higher the conversion ... fraction (1 – α) of the initial debt The gains of the remaining debt holders are (1 – α) of the gains of all the initial debt holders Thus, the transfer by the government ... information frictions. Under these assumptions, the sum of the market values of debt and equity is independent of the bank’s capital structure and equals the market value of the asset: V(A) = V(E)

Ngày tải lên: 15/03/2014, 10:20

... range of issues, including the reasons for the growing use of IPRs; the impact of the strengthening of IPRs on innovation; the role of IPRs in developing countries; whether there ... in the mechanisms they use to protect the knowledge they... Economics of Innovation and New Technology, the Cambridge Journal of Economics, the Journal of Evolutionary Economics ... PROPERTY Therefore, section 2 of the paper briefly... as with the differences in firms’ strategies The authors confirmed the hypothesis of a relationship between the strength and the

Ngày tải lên: 17/03/2014, 06:20

... firms; the profits of other firms are taxed as part of the personal income of their owners The computation of the corporate income tax liability of a firm follows a number of rules ... sales of cars The political effects of. .. transition from one equilibrium to the other 16 Part I The Effects of Taxation The theory of tax incidence aims at characterizing the ... the last thirty years While these taxes were the main resource of governments until the nineteenth century, they now constitute only 12 percent of the tax revenue in the OECD The

Ngày tải lên: 23/03/2014, 11:20

... means of saving money A Strategy Vacuum? Yet, given the harsh reality of the politics of HE’ and the voting power of the better-off, the White Paper proposals may yet run into the ... the HEIs then fail to fill since they themselves are split as their leaders (the. .. that the taxpayer has other priorities and burdens in society than financing the major part of the ... the cost of higher education for the better-off With reference to the US, Johnstone noted that here the student’s share of the cost of HE was ‘already the heaviest of any

Ngày tải lên: 23/03/2014, 20:20

... is professor of economics at the University of Mannheim and a research associate of the National Bureau of Economic Research Vassilis Hajivassiliou is an associate professor of economics in the ... Department of Economics and a member of the Cowles Foundation for Economic Research, Yale University Laurence J Kotlikoff is professor of economics at Bos- ton University and a research associate of the ... remarkable is the decreasing but still very high proportion of the el- derly living independently in spite of the very old age of most of the elderly in the sample Approximately one out of every six

Ngày tải lên: 28/03/2014, 16:20

... danger to the life of the nation;2 the President must define and explain to Congress and the people the nature ofthis threat; 3 the perception of the emergency, the judgment that the life of the nation ... Con-gress and the people the nature of the crisis—implies the continued constitu-tional status of both Congress and the presidency But once we suspend theConstitution, the status of the offices and ... understandings of thelimits of human prescience They forthrightly acknowledge the ultimate con-tingency of all contractual relationships.54 One example of how the law of contracts accommodates the limits ofhuman

Ngày tải lên: 30/03/2014, 01:20

... securities of a given credit rating requires tailoring the cash-flow risk of these securities – as measured by the likelihood of default and the magnitude of loss incurred in the event of a default ... basis of the expected economic loss – the product of the likelihood of observing a default and the severity of the loss conditional on default As such, a credit rating can intuitively be thought of ... for the simulated tranches of both the original collateralized debt obligation and of the CDO2 constructed from the mezzanine tranches Of course, these estimates of risk depend crucially on whether

Ngày tải lên: 31/03/2014, 05:21

... because of the inherent complexity of this scenario, these agencies are more likely to be part of the “second wave” of cloud adopters Examples: Department of Agriculture, Department of Education, ... number of virtualized servers in the cloud replace physical servers in the SQ data center and (2) the length of the cloud migration schedule Exhibits 2, 3, and 4 show the results of varying these ... Because of the cost of parallel IT operations (i.e., cloud and non-cloud), the shorter the server migration schedule, the greater the economic benefits These findings, in turn, lead to the following

Ngày tải lên: 31/03/2014, 05:21

... current levels of fishing continue, there is the risk ofcollapse of a series of fisheries The global collapse ofmost world fisheries is possible by the second half ofthe century unless there is an ... similar project on the economics of the loss of ecosystems and biodiversity The Minister for theEnvironment in Germany, Sigmar Gabriel, with the support of the European Commissioner for the Environment,Stavros ... twice the size of their “biocapacities” (Goldman Sachs 2007) – the extent to which their ecosystems can generate a sustainable supply of renewable resources Brazil, on the other hand, has one ofthe

Ngày tải lên: 31/03/2014, 07:20

... of the business These efficiency gains, however, came at the cost of IT’s ability to support strategic business endeavors The second punch came in the form of the financial system collapse of ... those offered by Microsoft, VMware, Parallels, and Xen—and the virtual machine, or VM, have become the fundamental building blocks of the cloud Over the last few decades, the concept of a computer ... necessary in a solution Just like the TCO of automobile ownership includes the cost of gas and maintenance, the TCO of a computing solution includes the cost of software licenses, upgrades, and

Ngày tải lên: 24/04/2014, 16:10

... Commercial Uses of the Internet The size of the market, judged by the number of agents or domain names, is growing rapidly on the Internet. The growth rate in the number of Internet hosts ... All these mechanisms depend on the neutrality and trustworthiness of the parties who provide the supposedly objective information. The neutrality of these parties is often in doubt, or otherwise ... Science Foundation and the program managers, Drs. Su Shing Chen and Les Gasser, and the support from the Information Technology Program of the State of Texas. The Economics of Electronic Commerce...

Ngày tải lên: 18/10/2013, 11:15

... and the Economics of Security presents the latest research on the economics driving both the risks and the solutions. These chapters represent some of the best, cutting-edge research within the ... than 20 percent of the number of payments processed in the EU), the focus of the analysis is mainly on the euro area: the above-mentioned 10 euro area countries in the survey together process ... Third, in the majority of the 15 countries, the role of nonbanks for payment cards is high or prevalent in many of the activities considered. This is probably due to the high automation of the pre-transaction...

Ngày tải lên: 18/10/2013, 17:15

... discussion of the role of language in law, legal reasoning, and legal education. The resulting synthesis of Law, Language, and the Law School Classroom 17 developing a model of how language works in the ... for the project. In the final stages of preparing the manuscript, I was very fortunate to have the assistance of Molly Heiler and Stephanie Lambert. During the conclusion of the project, I had the ... much to all of my colleagues, past and present, at the ABF for their incisive critiques and their humor, Entering the World of U.S. Law 7 Initiation: First Steps into the World of Law Picture...

Ngày tải lên: 10/12/2013, 13:15