Actio Pauliana is a term for the cancellation of legal action carried out by debtor because can harm creditor and not required to be out. closely related bankruptcy law it have implications process settling bankrupt assets debtors who are undergoing process. In settlement assets, curator will conduct an examination ownership debtor's property which used resolve its creditors. If Pauliana's laws...

OUNTERTRADE is tied trade. In a typical transaction a CPE or LDC imports goods and the exporting party usually a firm in a western industrial country commits itself to make an offsetting purchase at some future date. Since the mid seventies countertrade has become a significant phenomenon in international trade. Reasonable estimates vary between 10 and 20 per cent of world trade (see OECD, 1985...

In this paper I identify new goods in U.S. imports data at the product levels of 7-digit TSUSA or 10-digit HS codes. I show that consistent with product cycles, the North’s new goods exports relative to old goods exports grow faster than the South’s, and then the South catches up with the North. The catch-up takes 13 ~ 18 years and happens in the 1990s, an age of globalization and outsourcing. ...

This paper extends theories of public goods to interactive communication systems. Two key public communication goods are identified. Connectivity provides point-to-point communication, and communality links members through commonly held information, such as that often found in databases. These extensions are important, we argue, because communication public goods operate differently from tradit...

The fast emergence of Internet as a media to distribute digital information goods created many new opportunities for the packaging and pricing of these goods. The pricing of information goods introduces a challenge since the cost structure of information goods differs from that of conventional physical goods in that they can be costly to introduce but are relatively cheap to reproduce. The bund...

This paper sets up a model to account for differences in total factor productivity due to differences in enforcement of contracts. Vertical specialization generates the need for intra-period credit, because final goods producers cannot pay their intermediate goods suppliers before they produce their final good. The paper shows that if there are enforcement problems, the capital distribution is ...

credence goods market is one of the markets that the asymmetric information has transformed it to a missing market. those goods and services that the applicant cannot determine the exact amount of their expenses due to the asymmetric information are called credence goods. from the economists' perspective, transaction in a market where participants are ignorant about each other is a game wi...