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Accounting practitioners and small business clients’ tax compliance: evidence from the survey of Serbian accountants Eur. J. Law Econ. (IF 1.266) Pub Date : 2024-03-11 Branko Radulović, Miljan Savić
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The law and economics of the data economy: introduction to the special issue Eur. J. Law Econ. (IF 1.266) Pub Date : 2024-03-04
Abstract This article intends to provide a framework to better understand the economic problems and legal challenges resulting from the transition of the European economy to a data economy. We discuss some policy concerns surrounding the data economy, such as concentration in the data economy, anticompetitive business practices in the data economy, access to data and data sharing, data reliability
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Harmonising cryptocurrency regulation in Europe: opportunities for preventing illicit transactions Eur. J. Law Econ. (IF 1.266) Pub Date : 2024-03-04
Abstract This study focuses on the analysis of cryptocurrency regulatory developments in Europe. The aim is to review national crypto-legislation in Europe and the EU's latest initiative to create designated regulatory instruments for the crypto-economy. This study assessed whether the European Union's Regulation on Markets in Crypto-Assets (MiCA) would have the intended effect. Drawing on the results
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Gender equality within boards: comparing quota and soft law Eur. J. Law Econ. (IF 1.266) Pub Date : 2024-03-04 Sophie Harnay, Fabienne Llense, Antoine Rebérioux, Gwenaël Roudaut
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How judicial efficiency impacts trade credit and doubtful receivables Eur. J. Law Econ. (IF 1.266) Pub Date : 2024-02-27 Inmaculada Aguiar-Díaz, Ewelina Mruk, María Victoria Ruiz-Mallorquí
Judicial efficiency has been widely identified as a factor that has an impact on credit markets and firms’ financial decisions. In this paper, we study the relationship between judicial efficiency and trade credit granted by firms to their customers, as well as how the judicial system influences the proportion of those credits that are deemed ‘doubtful’. We test our assumption by analysing a sample
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Product liability for defective AI Eur. J. Law Econ. (IF 1.266) Pub Date : 2024-02-27 Miriam C. Buiten
This paper studies the efficient definition of product defects for AI systems with autonomous capabilities. It argues that defining defects in product liability law is central to distributing responsibility between producers and users. The paper proposes aligning the standard for defect with the relative control over and awareness of product risk possessed by the producer and the user. AI systems disrupt
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Settlement growth and military conflict in early colonial New England 1620–1700 Eur. J. Law Econ. (IF 1.266) Pub Date : 2024-02-07
Abstract Property rights are secure, and violence over land can be attenuated when the treatment and delineation of the property are consistent, stable, and interpreted similarly by each party. In the absence of a mutual understanding of property rights, land-use stability becomes strained as the area of contested land between two rival parties expands—when one party (or group) is perceived as asymmetrically
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Property rights theory, bundles of rights on IoT data, and the EU Data Act Eur. J. Law Econ. (IF 1.266) Pub Date : 2024-01-19 Martina Eckardt, Wolfgang Kerber
With the advance of smart IoT devices (Internet of Things) the amount of valuable data will increase dramatically. With its recently enacted Data Act (DA) the EU introduces new data access and sharing rights for the users of IoT devices. This article analyzes how the DA will change the bundle of rights on non-personal IoT data regarding who can control, access, use, share, and monetize this data. In
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Industrial data sharing and data readiness: a law and economics perspective Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-12-26 Nathalie Jorzik, Paula Johanna Kirchhof, Frank Mueller-Langer
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Intellectual property and fourth industrial revolution technologies: how the patent system is shaping the future in the data-driven economy Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-12-16 Armin Mertens, Marc Scheufen
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Coasian rights in a cap-and-trade mechanism with damage compensations Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-11-22 Carlos Hervés-Beloso, Francisco Martínez-Concha
This paper revisits Coase’s ideas on property rights in a scenario where the law allows the establishment of mandatory limits - caps- to specific harmful effects of economic activity such as air pollution or traffic congestion. We propose a general equilibrium model with a cap-and-trade mechanism where agents suffering the harm share a portfolio of Coasian rights designed according to the caps. Equilibrium
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Probing the case for manufacturer liability for harms caused by judgment-proof consumers to others Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-11-18 Tim Friehe, Christoph Rössler, Elisabeth Schulte
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The auditing game: the dark side of the private provision of a public good Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-11-16 Thomas Ehrmann, Aloys Prinz
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Plea bargaining and investigation effort: inquisitorial criminal procedure as a three-player game Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-10-31 Robin Christmann
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The flip side of the coin: how entrepreneurship-oriented insolvency laws can complicate access to debt financing for growth firms Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-10-29 Maren Forier, Nadine Lybaert, Maarten Corten, Niels Appermont, Tensie Steijvers
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The anti-steering provision of Article 5 (4) of the DMA: a law and economics assessment on the business model of gatekeepers and business users Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-10-26 Christian Rusche, Jeanne Mouton
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Data portability and interoperability: An E.U.-U.S. comparison Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-09-20 Daniel Rubinfeld
Data portability (the ability to transfer data without affecting its content) and interoperability (the ability to integrate two or more datasets) significantly affect the use of data, with important implications for antitrust policy. Allowing for improved data portability can facilitate interoperability, which, in turn, will enable consumers to switch services, thereby substantially increasing competition
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On the sociology of cartels Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-08-29 Justus Haucap, Christina Heldman
We analyze 15 German cartels, focusing on the personal characteristics of the individual participants, the methods and frequency of communication as well as the internal organizational structures within the cartels and their eventual breakup. Our results indicate that cartel members are highly homogeneous and often rely on existing networks within the industry, such as trade associations. Most impressively
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Corporate criminals in a market context: enforcement and optimal sanctions Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-08-18 Emmanuelle Auriol, Erling Hjelmeng, Tina Søreide
By combining approaches from the economic theory of crime and of industrial organization, this paper analyzes optimal enforcement for three different forms of corporate misconduct that harm competition. The analysis shows why corporate crime is more harmful in large markets, why governments have a disinclination to sanction firms whose crime materializes abroad, and why leniency for those who self-report
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Litigation and settlement under loss aversion Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-08-15 Cédric Argenton, Xiaoyu Wang
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Does criminalizing the purchase of sex reduce sex-buying? Evidence from a European survey on prostitution Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-08-13 Sofia Jonsson
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Law, human capital, and the emergence of free city-states in medieval Italy Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-08-06 Marianna Belloc, Francesco Drago, Roberto Galbiati
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Motor Vehicle Registration Taxes (MVRT) across EU countries: MNEs’ profitability and the role of market concentration Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-07-19 Pranvera Shehaj, Martin Zagler
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Punishing terrorists in the Spanish Supreme Court: has ideology played any role? Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-07-18 Nuno Garoupa, Fernando Gómez Pomar, Adrián Segura, Sheila Canudas
Traditionally, the conventional views in legal and comparative literature portray civil-law judiciaries as legalistic bureaucracies insulated from political preferences. We investigate decisions on appeal for terrorist actions at the Spanish Supreme Court in the period 2000–2021. Our findings show that ideology (proxied by conservative/progressive affiliation of judges) is a predictor of prodefendant
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Data portability and competition: Can data portability increase both consumer surplus and profits? Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-07-12 Doh-Shin Jeon, Domenico Menicucci
We study how data portability affects consumer surplus and firms’ profits in a two-period model with a switching cost where two firms compete under a non-negative pricing constraint. The firms can circumvent the constraint by tying another complementary free service (called ”freebies”) with the original service. We consider a general framework of incomplete pass-through of freebies into consumer benefit
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Freedom through taxation: the effect of fiscal capacity on the rule of law Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-06-19 Ryan H. Murphy, Colin O’Reilly
Abstract This paper explores the effects of fiscal capacity on the rule of law. We view the question as a natural outgrowth of the stationary bandit model, that rulers are incentivized to make investments in public goods when they are able to extract wealth effectively. We test the relationship using fiscal capacity and rule of law data from the Varieties of Democracy dataset. We leverage the lengthy
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Assessment of formal proceedings and out-of-court reorganisation: results from a survey among turnaround professionals in Austria Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-06-14 Stefan Mayr, Christine Duller, Matthias Baschinger
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Cartel formation and detection: the role of information costs and disclosure Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-06-13 Ruben Korsten, Andrew Samuel
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Controlling for fixed effects in studies of income underreporting Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-06-09 Odd E. Nygård, Thor O. Thoresen
The expenditure method of Pissarides and Weber (J Public Econ 39(1):17–32, 1989) shows how one backs out measure of income underreporting by the self-employed by using food consumption as trace of true income. In this paper we make a case for using panel data and fixed effects estimation in such analysis, instead of OLS estimation. The main argument is that fixed effects estimation addresses the problem
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How does public policy impact trafficking victimization?: An exact matching study in the EU Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-06-03 Sienna Nordquist
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Ethnogenesis and statelessness Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-05-07 Vincent Geloso, Louis Rouanet
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Profiling restrictions in a model of law enforcement and strategic crime Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-04-18 Cheng Li, Christopher Cotton
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Does commercial court organisation affect firms’ bankruptcy rate? evidence from the french judicial reform Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-04-02 Giuseppe Arcuri, Nadine Levratto, Marianna Succurro
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Organized crime as a link between inequality and corruption Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-03-23 Soeren C. Schwuchow
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Financial market enforcement in France Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-03-04 Laure de Batz
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Capitation taxes and the regulation of professional services Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-02-15 Bruno Deffains, Dominique Demougin
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Evolving market boundaries and competition policy enforcement in the pharmaceutical industry Eur. J. Law Econ. (IF 1.266) Pub Date : 2023-02-09 Georges Siotis, Carmine Ornaghi, Micael Castanheira
Competition investigations start with market definition, which establishes the perimeter of the competitive analysis. In this paper, we focus on the definition of economic markets in the pharmaceutical industry, where the entry of generics in different therapeutic areas provides a sequence of quasi-natural experiments involving a significant competitive shock for the originator producer. We show how
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You can’t export that! Export ban for modern and contemporary Italian art Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-12-10 Francesco Angelini, Massimiliano Castellani, Pierpaolo Pattitoni
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You go first!: coordination problems and the burden of proof in inquisitorial prosecution Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-12-09 Robin Christmann, Roland Kirstein
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Regulatory objectives vs fiscal interests: Are German casino locations motivated by beggar-thy-neighbor policy? An empirical analysis Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-11-23 Justus Haucap, Radivoje Nedic, Talha Şimşek
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How to improve consumers’ understanding of online legal information: insights from a behavioral experiment Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-11-10 Alexander J. Wulf, Ognyan Seizov
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Money laundering and AML regulatory and judicial system regimes: investigation of FinCEN files Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-11-06 Carmela D’Avino
Using a novel dataset, this paper explores the link between cross-border flows of illicit money and anti-money laundering (AML) regulatory and judicial system regimes. To this extent, we explore the information contained in thousands of suspicious activity reports filed by US banks and recently disseminated within the FinCEN files investigation. For a sample of 106 jurisdictions, we relate money laundering
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Do target-country legal institutions affect cross-border mergers and acquisitions? A quantitative literature survey Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-11-02 Josef C. Brada, Ichiro Iwasaki
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Net neutrality and high-speed broadband networks: evidence from OECD countries Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-10-23 Wolfgang Briglauer, Carlo Cambini, Klaus Gugler, Volker Stocker
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Does legal freedom satisfy? Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-09-26 Niclas Berggren, Christian Bjørnskov
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Reluctance to report criminal incidents: limited access to justice, social exclusion, and gender Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-09-08 Ayça Akarçay, Sezgin Polat
Measures of access to justice mainly use indicators from judicial statistics or legislation whereas subjective perceptions or attitudes are often measured by survey questions related to judicial services. Using Turkey’s Life Satisfaction Survey, we consider reluctance to report an experienced criminal incident, which is a factual statement, as an objective indicator affecting demand for and access
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Do child support guidelines result in lower inter-judge disparity? The case of the French advisory child support guidelines Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-09-06 Cécile Bourreau-Dubois, Myriam Doriat-Duban, Bruno Jeandidier, Jean-Claude Ray
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Stay or flee? Hit-and-run accidents, darkness and probability of punishment Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-08-21 Stefano Castriota, Mirco Tonin
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Bank capital buffer releases, public guarantee programs, and dividend bans in COVID-19 Europe: an appraisal Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-07-18 Alexandra Matyunina, Steven Ongena
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A numerus clausus rationale for the privity of contract: the protective function Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-07-18 Giorgia Bucaria, Giulio Gottardo
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COVID 19: how coercive were the coercive measures taken to fight the pandemic. Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-07-13 Alain Marciano,Giovanni Battista Ramello
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Counting offenders’ gains? Economic and moral considerations in the determination of criminality Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-06-29 Thomas J. Miceli
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Contingent fees and endogenous timing in litigation contests Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-06-14 Sung-Hoon Park
This study examined the contingent fee arrangements and adversarial systems applied in the United States. In the American context, a plaintiff (or a defendant) pays a contingent fee (an hourly fee) to their lawyer. In this adversarial system, lawyers can either be the first or the second mover. Solving the American practice with endogenous timing of litigation efforts, we obtained the following results:
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Several liability with sequential care: an experiment Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-06-09 Julien Jacob, Eve-Angéline Lambert, Emmanuel Peterle
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Fake & original: the case of Japanese food in Southeast Asian countries Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-06-04 Koji Domon, Alessandro Melcarne, Giovanni B. Ramello
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On Coase and COVID-19 Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-05-19 Darcy W. E. Allen, Chris Berg, Sinclair Davidson, Jason Potts
From an epidemiological perspective, the COVID-19 pandemic is a public health crisis. From an economic perspective, it is an externality and a social cost. Strikingly, almost all economic policy to address the infection externality has been formulated within a Pigovian analysis of implicit taxes and subsidies directed by a social planner drawing on social cost-benefit analysis. In this paper we examine
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What lessons can be learned from cost efficiency? The case of Swedish district courts Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-05-03 Jonas Månsson, Christian Andersson, Fredrik Bonander
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In practice or just on paper? Some insights on using alphabetical rule to assign judges to cases Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-04-23 Jan Fałkowski, Jacek Lewkowicz
In order to prevent judicial bias and increase transparency within the court system, case distribution among judges is often subjected to specific rules. The question which arises, however, is whether these rules are obeyed in practice. In this paper, looking at the example from the Constitutional Tribunal of the Republic of Poland in the period 2011–2014, we check whether assigning judges to panels
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Strict liability, scarce generic input and duopoly competition Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-04-17 Gérard Mondello
Strict liability imposed on firms involved in an imperfect competition game (here duopoly) is not an obstacle to achieving a socially optimal care level of care. However, when one input becomes scarce (here a limited generic asset), the precedent result is compromised. Duopolistic competition leads to supply more goods at a lower price at the equilibrium, but also a lower care level compared to a monopoly
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Does judicial effort matter for quality? Evidence from antitrust proceedings in Russian commercial courts Eur. J. Law Econ. (IF 1.266) Pub Date : 2022-04-09 Svetlana Avdasheva, Svetlana Golovanova, Elena Sidorova