By B. Bouckaert, Gerrit De Geest,
This article is quantity V of a five-volume reference paintings that surveys the total literature on legislations and economics. The entries include components: a overview of the literature by means of an expert within the box and a bibliography which covers many of the released fabric within the specific zone.
Read Online or Download The Economics of Crime and Litigation (Encyclopedia of Law and Economics , Vol 5) PDF
Similar economy books
In view that round the flip of the millennium there was a common popularity that one of many more effective advancements one may well make within the gentle of the shortfalls of the classical Black-Scholes version is to interchange the underlying resource of randomness, a Brownian movement, via a Lévy technique. operating with Lévy tactics permits one to seize fascinating distributional features within the inventory returns.
Marketers, technical specialists, pros, overseas scholars, writers, and artists are one of the such a lot hugely cellular humans within the international economic system this present day. those proficient elite usually originate from constructing international locations and migrate to business economies. Many go back domestic with new principles, reviews, and capital necessary for nationwide improvement, when others stay to supply caliber items and companies which are priceless all over the international financial system.
This easy yet accomplished advent to Islamic finance is reader pleasant and huge in scope. It covers the fundamental thoughts, markets, items, and problems with Islamic finance and indicates the various nature of Shari'a criteria in numerous international locations.
- Essentials of Economics, Fifth Edition
- The Ottoman Empire: Conquest, Organization and Economy
- Financial Executives: Toward a Profile of Educational Background and Learning Interests
- Foundations for Financial Economics
Extra info for The Economics of Crime and Litigation (Encyclopedia of Law and Economics , Vol 5)
1998), ‘Incentive Contracting and the Franchise Decision’, National Bureau of Economic Research Working Paper 6544. Lal, R. (1990), ‘Improving Channel Performance through Franchising’,9 Marketing Science, 299-318. Leffler, Keith B. and Rucker, Randal R. (1991), ‘Transaction Costs and the Efficient Organization of Production: A Study of Timber-Harvesting Contracts’, 99 Journal of Political Economy, 1060-1087. Libecap, Gary D. and Wiggins, Steven N. (1984), ‘Contractual Responses to the Common Pool: 4100 Contractual Choice 43 Prorationing of Crude Oil Production’, 74 American Economic Review, 87-98.
This reduces the commitment value of a long-term contract. However, this is not sufficient. In addition, the spot contracts should provide efficient consumption smoothing. When the agent does not have access to credit markets, spot contracting does not allow for consumption smoothing and hence spot contracts cannot implement the long-term contract. However, if the agent has access to credit markets and the principal can monitor this, we do get spot implementation, a result also found in Fudenberg, Holmstrom and Milgrom (1990), Malcomson and Spinnewyn (1988) and Rey and Salanié (1990).
Joskow, Paul L. (1988), ‘Asset Specificity and the Structure of Vertical Relationships: Empirical Evidence’, 4 Journal of Law, Economics, and Organization, 98-115. Joskow, Paul L. (1988b), ‘Price Adjustment in Long-Term Contracts: The Case of Coal,’ 31 Journal 42 Contractual Choice 4100 of Law and Economics, 47-83. Joskow, Paul L. (1990), ‘The Performance of Long-Term Contracts: Further Evidence from Coal Markets’, 21 Rand Journal of Economics, 251-274. Kaufman, Patrick J. and Lafontaine, Francine (1994), ‘Costs of Control: The Source of Economic Rents For McDonald’s Franchisees’, 37 Journal of Law and Economics, 417-543.
The Economics of Crime and Litigation (Encyclopedia of Law and Economics , Vol 5) by B. Bouckaert, Gerrit De Geest,