Directory UMM :Data Elmu:jurnal:I:International Review of Law and Economics:Vol20.Issue3.2000:
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Fifth, the government can foster the creation of norms. In the case of coordination norms, the government can promulgate the new norm, as in the examples we gave earlier. When guilt
Our main findings are twofold: (1) when the agents are free from the potential of bankruptcy, strict liability of the principal achieves the highest level of social welfare, and
In what is probably the most realistic case, neither strict adherence to the per se rule nor a complete compliance defense, as in case 3 no categorical prediction could be
The main results obtained are: sector-specific migration of labor may raise domestic welfare, while with capital accumulation such migration necessarily raises the relative price of
The policy parameters, the annual money growth rate (or the inflation tax rate) p˙ ( 5 ( z 2 1)/5), and capital gains tax rate t , are calibrated so that the model can predict how
Although a more complete discussion of the impacts of the various assumptions would have made the chapter better, the current contents of this chapter should be useful both
It is possible that if Weber had estimated Okun’s coefficient from a dynamic regression equation by including the impact coefficient, these estimates would have been close to
The analysis adds a MOB to Salop’s (1979) circle model. If the fixed cost technology is too expensive and the set-up cost is large relative to the marginal transportation cost, no
