scholarly journals Advocatus, et non Latro? Testing the Excess of Litigation in the Italian Courts of Justice

2014 ◽  
Vol 10 (3) ◽  
Author(s):  
Paolo Buonanno ◽  
Matteo M. Galizzi
Keyword(s):  
Empirical Analysis ◽  
Instrumental Variables ◽  
Sharp Increase ◽  
Civil Litigation ◽  
Induced Demand ◽  
Time Period ◽  
Causality Relationship ◽  
Informational Advantage

AbstractWe explore the causality relationship between litigation rates and the number of lawyers, drawing on an original panel dataset for the 169 Italian first-instance courts of justice between 2000 and 2007. In this time period, both the number of lawyers and the civil litigation rate sharply increased, and a mandatory minimum fee was in place for lawyers’ services. We first document that the number of lawyers is positively correlated with different measures of the litigation rate. Then, using an instrumental variables strategy, we find that a 10% increase in lawyers over population is associated with an increase between 1.6 and 6% in civil litigation rates. Our empirical analysis supports the supplier-induced demand (SID) hypothesis for Italian lawyers: following a sharp increase in the number of lawyers, and in the impossibility of competing on price because of the minimum fee regulation, some lawyers may have opportunistically used their informational advantage to induce their clients to bring lawsuits into court more often than would have been optimal if they were acting in the exclusive interest of their clients.

scholarly journals Information Disclosure Ranking, Industry Production Market Competition, and Mispricing: An Empirical Analysis

2019 ◽  
Vol 11 (1) ◽  
pp. 262 ◽  
Author(s):  
Bing Wang ◽  
Si Xu ◽  
Kung-Cheng Ho ◽  
I-Ming Jiang ◽  
Hung-Yi Huang
Keyword(s):  
Corporate Governance ◽  
Empirical Analysis ◽  
Instrumental Variables ◽  
Information Disclosure ◽  
Market Competition ◽  
Substantial Reduction ◽  
Assessment System ◽  
Product Market Competition ◽  
Information Transparency ◽  
Corporate Information

Improving the transparency of corporate information disclosure is a key principle of corporate governance in Taiwan. This study uses the information disclosure assessment system established by the information disclosure and transparency ranking system to explore whether information transparency can reduce the degree of mispricing. The study uses the data of 10,686 listed companies in Taiwan for the period from 2005 to 2014. We find that a higher information disclosure ranking (IDR) of rated companies corresponds to a more substantial reduction in the degree of mispricing. Moreover, we discover that product market competition affects mispricing in that smaller degrees of mispricing reflect greater exclusivity; this suggests that lower industry transaction and competition costs lead to less substantial mispricing. Finally, we observe that the effect of information disclosure score on the degree of mispricing is lower in more exclusive industries. Furthermore, a regression process using instrumental variables reveals that IDRs have the significant effect of reducing the degree of mispricing.

Theoretical and empirical analysis of the supplier induced demand in health care market in China

2014 ◽  
Vol 4 (2) ◽  
pp. 207-220 ◽  
Author(s):  
Jun-Shan Li ◽  
Pei-Pei He ◽  
Rui-Bo He
Keyword(s):  
Health Care ◽  
Theoretical Model ◽  
Empirical Analysis ◽  
Health Care Expenditure ◽  
Integration Theory ◽  
Health Care Market ◽  
Content Type ◽  
Induced Demand ◽  
Economics Of Health ◽  
The Difference

Purpose – The purpose of this paper is to provide theoretical model about supplier-induced demand (SID) in health care market in China. Then, an empirical analysis will also be carried out according to the theoretical model above. At last, some advices will be provided in order to control or eliminate the SID in Chinese health care market. Design/methodology/approach – SID has in fact been one of the most contentious topics in the economics of health care. According to the SID theory in health economics, the theoretical model about SID in China has been provided, then, based on the co-integration theory, the empirical analysis has been brought out. Findings – The study tells that it is the reduction of government finance to hospital, not the increase of supply that is the long-term steady determinants of growth of health care expenditure and that the difference of marginal return to hospital among all kinds of services and medicines is the external factor. Originality/value – To provide theoretical model about SID in health care market in China is the main originality value.

The Impact of Drug Enforcement on Crime: An Investigation of the Opportunity Cost of Police Resources

2001 ◽  
Vol 31 (4) ◽  
pp. 989-1006 ◽  
Author(s):  
Bruce L. Benson ◽  
Ian Sebastian Leburn ◽  
David W. Rasmussen
Keyword(s):  
Law Enforcement ◽  
Violent Crime ◽  
Opportunity Cost ◽  
Crime Rate ◽  
Sharp Increase ◽  
Property Crime ◽  
Drug Laws ◽  
Drug Enforcement ◽  
Time Period ◽  
The Impact

The conventional wisdom among the law enforcement community is that drug use causes crime and that stringent enforcement of drug laws is an effective tool to combat property and violent crime. Previous research by some of these authors found that a sharp increase in drug enforcement in Florida during 1984–1989 resulted in a reallocation of police resources which reduced the effectiveness of property crime enforcement and increased the property crime rate. Some have suspected that this result is the product of the very large increase in drug enforcement during this time period and that under “normal” circumstances greater drug enforcement would not result in higher property crime. This paper rebuts that suspicion.

scholarly journals Empirical Analysis of the Relationship between Trade Wars and Sea-Air Transportati

2020 ◽  
Vol 6 (20) (3) ◽  
pp. 23-44
Author(s):  
Kasım Kiracı ◽  
Akan Ercan
Keyword(s):  
Empirical Analysis ◽  
Air Transportation ◽  
Air Transport ◽  
Causality Analysis ◽  
Sea Transport ◽  
Panel Causality ◽  
Causality Relationship ◽  
Trade Wars ◽  
The Relationship

The aim of this paper is to empirically analyse the relationship between the trade wars and modes of transport for selected countries. For this purpose the causality relationship between trade value and sea transport / air transportation for EU-G20 and US-G20 countries was examined. Panel causality analysis was used as a method in the study. The empirical findings of the study show the existence of a causality relationship between the trade value and modes of transport (sea transport and air transport) for country groups. This shows that the countries' sea and air transport will be adversely affected by trade wars.

Progression and Workload in Civil Litigation: An Empirical Analysis of Patent Disputes

2017 ◽  
Author(s):  
Christopher Anthony Cotropia ◽  
Jay P. Kesan ◽  
Kyle Rozema ◽  
David L. Schwartz
Keyword(s):  
Empirical Analysis ◽  
Civil Litigation

A Conceptual Discussion and an Empirical Analysis of Commercial Land-Use Succession

1974 ◽  
Vol 6 (6) ◽  
pp. 655-674 ◽  
Author(s):  
Y Lee
Keyword(s):  
Land Use ◽  
Empirical Analysis ◽  
Transition Matrix ◽  
Nonstationary Process ◽  
Transition Matrices ◽  
Order Probability ◽  
Time Period ◽  
Land Economics ◽  
The Stability ◽  
Succession Theory

Land-use succession theory has been the most thinly developed area in the study of urban land economics. In this paper a brief review of the spotty development of the land-use succession concept is first offered, followed by a discussion of the economic arguments of commercial land-use succession and related problems in succession studies. Then, as an empirical analysis, commercial land use in downtown Denver from 1947 to 1971 is studied. Characteristics of succession are revealed first, by the description of succession by both first- and second-order probability transition matrices; and second, by an examination of the stability of succession via two different approaches. Not unexpectedly, one of the major characteristics found in the study area is the nonstationary process of land-use succession, cautioning against the danger of employing a transition matrix estimated from one time period to predict future land use.

Empirical analysis of civil litigation determinants: The Case of Spain

2016 ◽  
Vol 44 (2) ◽  
pp. 321-338 ◽  
Author(s):  
Virginia Rosales ◽  
Dolores Jiménez-Rubio
Keyword(s):  
Empirical Analysis ◽  
Civil Litigation

Portugal

2021 ◽  
pp. 675-691
Author(s):  
Jorge M. Fernandes ◽  
Miguel Won
Keyword(s):  
Empirical Analysis ◽  
Sharp Increase ◽  
Institutional Design ◽  
Electoral System ◽  
Original Data ◽  
Legislative Organization ◽  
Data Set ◽  
Party Leaders ◽  
Party Members ◽  
Positive Effect

In this chapter, we examine the Portuguese case whose institutional design makes it a paradigm of party-centered legislative debates. Together with the closed-list proportional representation electoral system, the rules-induced centrality of parties in legislative organization creates strong incentives for party leaders to keep tabs on party members on the floor. In this chapter, we describe the formal and informal rules of legislative debate in Portugal. Using an original data set from 1999 through 2019, our empirical analysis yields three key results. First, women continue to be sidelined from floor access, not only in the opportunities to take the floor but also in the length of speeches they deliver. Second, seniority has a positive effect in increasing the likelihood of taking the floor. Third, our results point out to a sharp increase in the likelihood of taking the floor and making long speeches, which corroborates our general theoretical expectations in the volume.

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