Elements in Law, Economics and Politics – serie
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12 produkter
Can Blockchain Solve the Hold-up Problem in Contracts?
Av Richard Holden, Anup Malani
Häftad, 2021
317 kr
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A vexing problem in contract law is modification. Two parties sign a contract but before they fully perform, they modify the contract. Should courts enforce the modified agreement? A private remedy is for the parties to write a contract that is robust to hold-up or that makes the facts relevant to …
The Strategic Analysis of Judicial Behavior
A Comparative Perspective
Av Lee Epstein, Keren Weinshall
Häftad, 2021
284 kr
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The past decade has witnessed a worldwide explosion of work aimed at illuminating judicial-behavior: the choices judges make and the consequences of their choices. We focus on strategic accounts of judicial-behavior. As in other approaches to judging, preferences and institutions play a central …
A Safety Valve Model of Equity as Anti-opportunism
Av Kenneth Ayotte, Ezra Friedman m. fl.
Häftad, 2023
374 kr
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Equity can be defined as the use of a more flexible, morally judgmental, and subjective mode of legal decision making that roughly corresponds with historical equity. This Element presents a simple contracting model that captures the role of equity as a safety valve, and shows how it can solve …
Reform for Sale
A Common Agency Model with Moral Hazard Frictions
Av Perrin Lefebvre, David Martimort
Häftad, 2023
317 kr
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Lobbying competition is viewed as a delegated common agency game under moral hazard. Several interest groups try to influence a policy-maker who exerts effort to increase the probability that a reform be implemented. With no restriction on the space of contribution schedules, all equilibria …
Deep IV in Law
Appellate Decisions and Texts Impact Sentencing in Trial Courts
Av Zhe Huang, Xinyue Zhang m. fl.
Häftad, 2022
284 kr
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Do US Circuit Courts' decisions on criminal appeals influence sentence lengths imposed by US District Courts? This Element explores the use of high-dimensional instrumental variables to estimate this causal relationship. Using judge characteristics as instruments, this Element implements two-stage …
More is Less
Why Parties May Deliberately Write Incomplete Contracts
Av Maija Halonen-Akatwijuka, Oliver Hart
Häftad, 2024
284 kr
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Why are contracts incomplete? Transaction costs and bounded rationality cannot be a total explanation since states of the world are often describable, foreseeable, and yet are not mentioned in a contract. Asymmetric information theories also have limitations. We offer an explanation based on …
FinTech Regulation in the United States
Past, Present, and Future
Av Jill Grennan
Häftad, 2026
260 kr
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This Element provides an overview of FinTech branches and analyzes the associated institutional forces and economic incentives, offering new insights for optimal regulation. First, it establishes a fundamental tension between addressing existing financial inefficiencies and introducing new economic …
U.S. Innovation Inequality and Trumpism
The Political Economy of Technology Deserts in a Knowledge Economy
Av Victor Menaldo, Nicolas Wittstock
Häftad, 2025
317 kr
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President Trump embraced economic populism centered on trade protectionism, restrictions on international capital and technology flows, and subsidies for American raw material providers and domestic manufacturers. More innovative US counties roundly rejected this economic paradigm: Voters in …
U.S. Innovation Inequality and Trumpism
The Political Economy of Technology Deserts in a Knowledge Economy
Av Victor Menaldo, Nicolas Wittstock
Inbunden, 2025
938 kr
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President Trump embraced economic populism centered on trade protectionism, restrictions on international capital and technology flows, and subsidies for American raw material providers and domestic manufacturers. More innovative US counties roundly rejected this economic paradigm: Voters in …
FinTech Regulation in the United States
Past, Present, and Future
Av Jill Grennan
Inbunden, 2026
820 kr
Lägg i varukorg
This Element provides an overview of FinTech branches and analyzes the associated institutional forces and economic incentives, offering new insights for optimal regulation. First, it establishes a fundamental tension between addressing existing financial inefficiencies and introducing new economic …
Corruption and the Voter's Decision
Experimental Evidence from Brazil
Inbunden, 2025
728 kr
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Despite voters' distaste for corruption, corrupt politicians frequently get reelected. This Element provides a framework for understanding when corrupt politicians are reelected. One unexplored source of electoral accountability is court rulings on candidate malfeasance, which are increasingly …
Corruption and the Voter's Decision
Experimental Evidence from Brazil
Häftad, 2025
284 kr
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Despite voters' distaste for corruption, corrupt politicians frequently get reelected. This Element provides a framework for understanding when corrupt politicians are reelected. One unexplored source of electoral accountability is court rulings on candidate malfeasance, which are increasingly …
