Showing papers in "International Review of Law and Economics in 2012"

TL;DR: In this paper, the authors investigated the impact of unemployment on crime using a country-level panel data set from Europe that contains consistently measured crime statistics, and they found that 2SLS point estimates are larger than OLS estimates.

TL;DR: In this analysis of a sample of U.S. Courts of Appeals decisions from 1971 to 1996, a variety of potential causes of inefficiency, or pathologies, are examined before suggesting a series of prescriptions.

TL;DR: Reducing malpractice liability is unlikely to have a major impact on health care spending, and unlikely to be cost-effective over conventionally accepted values of a statistical life.

TL;DR: In this article, the effect of these forms of governmental liability on the polluters' incentives and on aggregate levels of environmental harm is studied and an economic model is developed to study the conditions under which governmental liability may be preferable to direct pollution liability as an instrument of environmental protection.

TL;DR: In this article, the authors investigate how judicial staffing and caseload influence court output in Slovenia, a post-socialist EU member state struggling with implementing an effective judicial system.

TL;DR: In this paper, the determinants of judicial productivity and speed (measured by published opinions) were studied, and they found that judges who attended the most selective universities, who passed the bar exam most quickly, and who were chosen by the courts for an elite career track publish the most opinions.

TL;DR: In this article, the authors explored the frequency of permanent shocks in divorce rates for 16 European countries during the period 1930-2006 and found that not all shocks have transitory effects on the divorce rate.

TL;DR: In this article, the authors show that both promoters and critics of the judges-and-efficiency thesis similarly use a definition of optimization in which history, constraints and path-dependency are viewed as obstacles that must be removed to reach the most efficient outcome.

TL;DR: This paper provides a framework to evaluate human life based on civil court decisions on damages for pain and suffering using judgements from Germany and Austria over the last 25 years, which allows to calculate the value of body parts and body functions.

TL;DR: In this article, the dynamic effects of social opposition to unjust laws and social norms that can have countervailing effects on legal intervention are analyzed, and the dynamic effect of these phenomena is discussed.

TL;DR: The authors analytically measures how much the underground sector mitigates the distortionary impact of fiscal policies, while lessening the drop (rise) of aggregate production after contractionary (expansionary) tax shifts.

TL;DR: In this article, the authors investigate the deterrent and offsetting effects of the introduction of a point-record driving license (PDRL) in Italy and find that the PDRL resulted in a sharp reduction of seat belt offenses, and in a noticeable decrease of road accidents.

TL;DR: In this paper, the authors investigated the similarities between Calabresi and Coase and found that the similarities are deeper than what is usually assumed, and that the differences between the two men's works were deeper than the assumption.

TL;DR: In this paper, the authors examined the conditions of an optimal mixed payment in the context of an asymmetry of information and possible exaggeration biases, and showed how the setting of the cash percentage is a key element for conveying private information on the gains of synergy and the gains that result from the transaction.

TL;DR: In this paper, the effect of a switch from mandatory jurisdiction to discretionary jurisdiction on the Taiwan Supreme Court's performance has been investigated using a newly assembled data set on appeals terminated by the court for the period 1996-2008.

TL;DR: In this paper, the authors analyzed the impact of patent expiration on U.S. drug prices, marketing, and utilization, and found that the two effects of increased competition on utilization almost exactly offset one another.

TL;DR: In this article, the authors investigate whether the number of high courts in a country has systematic effects both on the quality of its legal system and on its level of economic development more generally.

TL;DR: In this article, a series of econometric models that evaluate the relative importance of the determinants of the creation of these “judicial couples”, namely, professional background, political affiliation, age, etc.

TL;DR: In this article, the authors argue that aggregate litigation and the court system can not only restore the protection of victims and the production of deterrence, but also play a pivotal role in stimulating regulatory innovation.

TL;DR: It is found that contingent fee caps decrease the frequency of screening even if the cap is non-binding, and most subjects are able to design contracts that screen low-quality attorneys, resulting in an increase in the quality of legal services.

TL;DR: In this paper, two fundamentally different types of guidelines are used: percentage of obligor income, and income shares models, and the authors explore the incentives to divorce under the two schemes, and use the NLSY data set to test the key predictions.

TL;DR: In this paper, the authors developed a formal framework in which one can analyze remorse and apologies and argued that legal procedures can be designed to price apologies, such that only truly remorseful individuals apologize.

TL;DR: In this article, a theoretical model is developed which incorporates advertising intensity, litigation costs, and an endogenous number of lawsuits, and the marginal benefit of deterrence equals the sum of marginal litigation and advertising costs.

TL;DR: In this article, the effect of product patent act and parallel trade on the availability of an essential drug in the developing countries was examined and it was shown that if the market size of the developing nation is relatively large, then with Cournot competition among the traders, the manufacturer earns higher profit by allowing parallel trade than by perfectly discriminating the prices for its product.

TL;DR: In this paper, the authors show that post-and-hold laws reduce consumption by 2-8% and, by reducing consumption, provide offsetting societal benefits in the form of reducing drunk driving accidents and underage drinking.

TL;DR: In this article, the authors recast Coase's argument in the presence of rents and alternative activities to show that the theorem can be vindicated, and showed that the role of alternative activities can be justified.

TL;DR: In this paper, the authors illustrate the general mechanism by showing that in the presence of members of the public that are willing and able to report violations to the regulator at a cost to themselves, uniform rules allow substituting third-party participation for costly own monitoring.

TL;DR: In this article, the authors model the settlement of a legal dispute when the trial outcome depends on the behavior of a strategically motivated judge and show that, under very general assumptions, this model exhibits multiple equilibria.