Contingent charges for financial services, such as fees for unauthorized overdrafts, are often
controversial. We study the economics of contingent charges in a stylized setting with naive …

There is a long history of governmental efforts to protect personal privacy and strong
debates about the merits of such policies. A central element of privacy is the ability to control …

Governments and development agencies spend considerable resources building property
and company registries to protect property rights. When these efforts succeed, owners feel …

A manager's current and potential future employers are continually assessing her or his
ability. Such assessment is a crucial component of corporate governance and this chapter …

Das Thema Rechtspaternalismus, gerade auch im Zivilrecht, ist aktueller denn je. Ein
Beispiel aus dem auch hier behandelten Verbraucherkreditrecht bietet der Koalitionsvertrag …

In recent years, policymakers in Congress and federal administrative agencies have begun
to perform a fundamentally new function: regulating arbitration agreements and other" …

Authorship and inventorship are “attribution rights” upon which individual scientists build
their reputation and career. Social and legal norms concerning their distribution within …

Social scientists have long considered what mechanisms underlie repeated exchange.
Three mechanisms have garnered the majority of this attention: formal contracts, relational …

I study how supplier contracting frictions shape the patterns of intermediate input use and
quantify the impact of these distortions on aggregate productivity. Using the frequency of …

Principal-agent models usually invoke the strong assumption that the parties know for sure
ex ante whether a variable is verifiable or not. This paper assumes that only the probability …