Now showing items 21-22 of 22
Law enforcement and legal presumptions
(Academic Press, 2001)
We compare two alternative legal presumptions, one more pro-defendant than the other, with the objective of reducing bureaucratic corruption to any target level at minimum social costs, broadly defined to include law ...
To invest or screen efficiently: a potential conflict in relationships governed by incomplete contracts
(Elsevier BV, 2001)
We consider a dynamic trade relationship where quality is not contractible and potential sellers retain quality-relevant private information. We show that the presence of an investment technology to improve the incumbent ...