The vexed relation between law and age/ageing is most apparent in the context of older prisoners. Late life may be accompanied by disabilities dependencies. So, access to appropriate forms care including medical becomes even more crucial custodial institutions like prisons where prisoners live isolated from society. Since spread COVID-19, there have been attempts decongest Indian prisons. Howev...

I am writing this just nine months after the Royal Bank of Scotland went bust and Gordon Brown wrote out a cheque for £37 billion to bail out the UK financial sector. That’s enough money to keep our MPs in dubious expenses for nigh on 40,000 years. And yet a new survey by Nottingham Business School shows that people still trust the banks more than the NHS – far more. As the Nottingham report (1...

The government's incentives to bail out inefficient projects are determined by the tradeoff between political benefits and economic costs, the latter depending on the decentralization of government. Two effects of federalism are derived: First, fiscal competition among local governments under factor mobility increases the opportunity costs of bailout and thus serves as a commitment device (the ...

A regulator resolving a bank faces two audiences: depositors, who may run if they believe the regulator will not provide capital, and banks, which may take excess risk if they believe the regulator will provide capital. When the regulator’s cost of injecting capital is private information, it manages expectations by using costly signals: (i) A regulator with a low cost of injecting capital may ...