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Performance-Related Pay: The Expected and the Unexpected
Performance-related pay (PRP) is one of the most widely researched areas in labor economics given its intuitive allure at giving incentives for high...
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Monopolization, Exploitation, Business Disruption, Loss of Profits, and Unjust Enrichment—Siphoning the Benefits from Trade—The Case of Nigeria
This paper presents a story of how economic resources were siphoned from NigeriaNigeria to the U.K. and to some other European countries through...
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Reciprocity and Legal Relief in Breach of Contract
This chapter identifies, in the existing empirical evidence, some of the reasons for why individuals engage in retaliation and punishment of others,...
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Goods and Services Tax in India: A Stocktaking
The Goods and Services Tax (GST) that was implemented in July 2017 to simplify and harmonize the domestic consumption tax system has taken a firm...
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Theories of Contract and Contract Law
This chapter reviews the three main theories of contract and contract law, namely promissory, reliance, and economic theories. It inquires, firstly,...
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Disagreement, Conflict, and Retaliation in Breach of Contract
This chapter studies how the promisor may breach in circumstances in which the promisee might expect performance, and how retaliation to breach is,...
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Implications and Normative Analysis of Remedies for Breach
This chapter studies how expectation and disgorgement damages, as well as specific performance, perform different economic functions, inducing...
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Inequality as a barrier to economic integration? An experiment
International economic theory suggests that people should embrace economic integration because it promises large gains. But policy reversals such as...
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Overcoming the Status Quo: An Experiment in Yokohama
Chapter 5 reports on the case of the Yokohama experiment, which examines the effects of opt-in...
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Inequality and income mobility: the case of targeted and universal interventions in India
Income interventions with pro-poor targeting is a common fiscal policy around the world. However their distributional effects on consumption and...
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Retaliation, Remedies, and Contracts
The present chapter presents the empirical study, firstly, on the behavioral effect of the primary duty to keep promises and contract on the...
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Dynamics of Competition: Dominance, Platforms and Antitrust Abuse
This chapter is on ex-post dominance and its changing contours from traditional product markets to platform markets. Selective cases in real estate,...
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Asset Inflation and Illusions of Prosperity
Bad money can create enticing illusions of prosperity. These illusions stem in part from the fact that the damage done by monetary inflation often...
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Mass Privatization: Costs and Benefits of Instant Capitalism
A striking feature of post-1989 systemic transition in Central and Eastern Europe is the widespread, almost universal reliance—to greater or lesser...
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The Future of Natural Resource Management and Policy in Africa
This chapter discusses the future of natural resource management and policy direction in Africa. We provide insights on the management, strategies,...
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Choosing Bankruptcy: The Onset of Debt and Financial Crisis
In the 1970s and 1980s, the SED’s policy of continually expanding the provision of social welfare brought the state to the point of bankruptcy....
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Investment externalities, bank liquidity creation, and bank failures
Recent evidence suggests that banks are interconnected through investment externalities among their borrowers. We study how such investment...
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State of National Healthcare and the Pandemic
That context and initial conditions matter is shown in this chapter, which discusses the strengths and weaknesses of the public healthcare...
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The logic of carbon substitution: from fossilised life to “cell factories”
This paper examines how researchers in biotechnology reflect on the challenges of turning microbes into what they call “cell factories”. These...
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Financialization, the Private Equity Industry and LBOs
EMI (UK), MEC (Canada), Kmart (US), Pages Jaunes (France), New Look (UK), Camaïeu (France), Naf-Naf (France), Toys “R” Us (US), André (France),...