Optimal merger policy with financially constrained start-ups
Chiara Fumagalli, Massimo Motta and Emanuele Tarantino study the effects of acquiring potential competitors and the optimal policy for regulating such mergers.
Topic Archive: Law and Economics
To measure institutional performance, talk to users
Benito Arruñada argues that institutions’ performance measures should focus more on the reports of the individuals who have experience interacting with them.
The fragility of credit markets
Benito Arruñada and Marco Casari use an experimental framework to explore how institutions that allocate enforcement rights affect credit transactions.
Do lawyers’ career concerns affect litigation decisions?
Career concerns are particularly relevant in the legal profession since the variance in lawyers’ earnings is large. Moreover, differences in perceived talents are a substantial determinant of the abovementioned variance. Rosa Ferrer studies how career concerns influence effort levels, litigants’ strategic interactions, and the role of the difficulty of the case as a multiplier of the career concerns implicit incentive.
