We provide lab data from four different games that allow us to study whether people have accurate expectations regarding monetary sanctions (punishment/reward) and non-monetary sanctions (disapproval/approval). Although the strength of the sanction is always predicted with some error (particularly in the case of monetary sanctions), we observe that (i) most subjects anticipate correctly the sig...

Abstract This article focuses on the legality of unilateral economic sanctions that consist in non-performance obligations field relations under relevant applicable treaties, and role international adjudicative bodies can play drawing a line between legal illegal sanctions. It revisits scarce litigation before ICJ WTO , pinpointing grey areas law to sanctions, which further clarification is nee...

Social scientists draw important lessons for modern development from the medieval Maghribi traders who, it has been argued, lacked effective legal mechanisms for contract enforcement and instead relied on informal sanctions based on collective ostracism within an exclusive coalition. We show that this claim is untenable. Not a single empirical example adduced as evidence of the putative coaliti...

the lack of a structured anticipating about high usage product of the national petrochemical company, has forced this company to buy forecasted price from foreign countries. prevent the outflow of foreign exchange and tolerance of political factors such as sanctions in this field requires a forecast of prices in our country. due to the chain-like nature of the petrochemical products, and the ab...

the impact of the international sanctions on the central bank of iran in 2013 and also accessibility of medicines in this country have received a lot of media coverage. in this study we used the data collected from a group of pharmacies all located in tehran to assess the potential effects of the banking sanctions on access to asthma medicines. data were collected from forty community pharmacie...

in this article economic loss means those losses occurring independently of physical damage to things or to a person's body or health. there are two main positions about reparability of these losses: in some countries like french, belgium, spain, italy and luxembourg as a principle rule economic loss is recoverable and there is no difference between economic loss and other losses. but in s...

This chapter surveys the theory of the public enforcement of law—the use of governmental agents (regulators, inspectors, tax auditors, police, prosecutors) to detect and to sanction violators of legal rules. The theoretical core of the analysis addresses the following basic questions: Should the form of the sanction imposed on a liable party be a fine, an imprisonment term, or a combination of ...