منابع مشابه
The Effects of Property and Contractual Rights on Economic Performance
This study augments the neoclassical growth model proposed by Mankiw, Romer, and Weil (1992) to analyze the effects of the property rights protection on the levels of economic performance, measured by per capita GDP, across countries. The augmented model predicts that (1) the accumulation of physical and human capital, and therefore the level of per capita GDP in a country, is positively relate...
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* PD Dr. iur. (Fribourg/Switzerland), LL.M. (Frankfurt a.M.), attorney-at-law (Zurich), [email protected]. This research has been presented at the Second Max Planck PostDoc-Conference on European Private Law. I would like to thank Professor Pascal Pichonnaz (Fribourg, Switzerland) for supporting my application to the conference. Furthermore, I would like to thank all participants of the conferenc...
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The efficient allocation of control rights in inter-firm collaborations is a widely emphasized issue. In this paper, I empirically identify control rights and the allocation of these rights using a unique survey data set on collaborations between biotechnology and pharmaceutical firms. Fifteen control rights are identified to make up the structure of deals with five rights being the items of co...
متن کاملThe Waiver of Liability Provision
As part of its 1983 budget-cutting proposals, the admin. istration sought, but did not obtain, legislation to modify Medicare's waiver of liability provision with respect to payments to hospitals, health agencies-;1 skilled nursing facilities, and home According to the President's proposals, this change would have resulted in a net savings of $10 million in fiscal year 1983. We believe that suc...
متن کاملContractual Traps
In numerous economic scenarios, contracting parties may not have a clear picture of all the relevant aspects. While confronted with these unawareness issues, the strategic decisions of the contracting parties critically depend on their sophistication. A contracting party may be unaware of what she is entitled to determine. Therefore, she can only infer some missing pieces via the contract offer...
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ژورنال
عنوان ژورنال: The Modern Law Review
سال: 1955
ISSN: 0026-7961
DOI: 10.1111/j.1468-2230.1955.tb00332.x