In: International Review of Economics, 2015, vol. 62, no. 4, p. 291-306
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In: Encyclopedia of Law and Economics
People consume because others consume, maintained Veblen in 1899. More recently, theoretical, empirical and experimental articles have argued that people constantly compare themselves to their environments and care greatly about their relative positions. Given that competition for positions may produce social costs, we adopt a Law and Economics approach (i) to suggest legal remedies for...
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The Swiss economy represents an exception to the legal origin theory (e.g., Roe (2006)). Although Switzerland is a country belonging to the civil law family, many of its public companies have diffused corporate ownership, as do those in common law countries. This paper maintains that the Swiss exception relies on the complementarity between corporate ownership and policies addressing...
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In: Journal of Economic Surveys
Although economies, business practices, and living standards have converged since WWII, corporate structures continue to differ among the advanced economies of the world. Looking at the diversity of corporate structures of large-sized firms around the world (and over time) would fascinate Charles Darwin. This work develops a critical review of the literature on political determinants of...
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To fully understand governance and authority in the large corporation, one must attend to politics. Because basic dimensions of corporate organization can affect the interests of voters, because powerful concentrated interest groups seek particular outcomes that deeply affect large corporations, because those deploying corporate and financial resources from within the corporation to buttress...
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With data from 2001 to 2010 of the First Instance Courts of the Canton of Ticino, Switzerland, this paper examines the impact of Legge sull’istituzione della Pretura penale e della funzione di sostituto Procuratore pubblico (2002), which meant to improve Cantonal court performance by decreasing penal workload. Our results suggest that such law has posed non-positive effects on judicial...
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One of the main contributions of Ronald H. Coase was to demonstrate how mainstream economics was based on a contradictory amalgam of costly physical inputs and free institutional resources, and to gave origin the economics of institutions: each institution is a mode of allocation and organization of economic resources that is to be investigated. In particular, none of the institutions...
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In: Rivista critica del diritto privato, 2013, vol. 31, no. 1, p. 123-138
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In: RAE: Revista asturiana de economía, 2012, no. 46, p. 155-164
En una economía formada por dos individuos, un bien posicional es un bien tal que lo que un individuo consume en cantidad positiva debe ser consumida por el otro en la misma cantidad negativa. De este modo, los bienes posicionales constituyen el caso opuesto al de los bienes públicos. Por ejemplo, si un individuo consume más de un bien público, todos los agentes consumirán más de ese...
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In: Journal of economic issues, 2011, vol. 45, no. 1, p. 199-222
This paper documents Hohfeld’s influence on interwar American institutionalism. We will mainly focus on three leading figures of the movement: John Rogers Commons, Robert Lee Hale, and John Maurice Clark. They regarded Hohfeld’s contribution on jural relations as a preliminary step toward the understanding of the adversarial nature of legal rights. Albeit with substantial differences in...
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