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Publisher: Springer-Verlag (Total: 2574 journals)

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Showing 1 - 200 of 2574 Journals sorted by number of followers
Intl. J. on Digital Libraries     Hybrid Journal   (Followers: 757, SJR: 0.441, CiteScore: 2)
Information Retrieval     Hybrid Journal   (Followers: 658, SJR: 0.352, CiteScore: 2)
Trends in Organized Crime     Hybrid Journal   (Followers: 525, SJR: 0.26, CiteScore: 1)
Crime, Law and Social Change     Hybrid Journal   (Followers: 485, SJR: 0.357, CiteScore: 1)
J. of Police and Criminal Psychology     Hybrid Journal   (Followers: 431, SJR: 0.35, CiteScore: 1)
Diabetologia     Hybrid Journal   (Followers: 321, SJR: 3.228, CiteScore: 5)
Innovative Higher Education     Hybrid Journal   (Followers: 307, SJR: 0.586, CiteScore: 1)
Natural Hazards     Hybrid Journal   (Followers: 289, SJR: 0.767, CiteScore: 2)
Gyroscopy and Navigation     Hybrid Journal   (Followers: 237, SJR: 0.292, CiteScore: 1)
Biodiversity and Conservation     Open Access   (Followers: 218, SJR: 1.243, CiteScore: 3)
Dysphagia     Hybrid Journal   (Followers: 184, SJR: 0.99, CiteScore: 2)
Pharmaceutical Research     Hybrid Journal   (Followers: 177, SJR: 1.077, CiteScore: 3)
Higher Education     Hybrid Journal   (Followers: 177, SJR: 1.782, CiteScore: 2)
Archives and Museum Informatics     Hybrid Journal   (Followers: 169, SJR: 0.101, CiteScore: 0)
European J. of Information Systems     Hybrid Journal   (Followers: 161, SJR: 1.628, CiteScore: 4)
Crime Prevention and Community Safety     Hybrid Journal   (Followers: 153, SJR: 0.268, CiteScore: 1)
Space Science Reviews     Hybrid Journal   (Followers: 95, SJR: 3.262, CiteScore: 7)
J. of Autism and Developmental Disorders     Hybrid Journal   (Followers: 86, SJR: 1.81, CiteScore: 4)
Intensive Care Medicine     Hybrid Journal   (Followers: 74, SJR: 3.293, CiteScore: 4)
Education and Information Technologies     Hybrid Journal   (Followers: 72, SJR: 0.403, CiteScore: 1)
Ethics and Information Technology     Hybrid Journal   (Followers: 70, SJR: 0.512, CiteScore: 2)
Archival Science     Hybrid Journal   (Followers: 68, SJR: 0.745, CiteScore: 2)
Applied Microbiology and Biotechnology     Hybrid Journal   (Followers: 67, SJR: 1.182, CiteScore: 4)
European J. of Law and Economics     Hybrid Journal   (Followers: 63, SJR: 0.375, CiteScore: 1)
Marine Biology     Hybrid Journal   (Followers: 62, SJR: 1.085, CiteScore: 2)
Landscape Ecology     Hybrid Journal   (Followers: 62, SJR: 1.858, CiteScore: 4)
J. of Archaeological Method and Theory     Hybrid Journal   (Followers: 62, SJR: 2.014, CiteScore: 3)
Educational Technology Research and Development     Partially Free   (Followers: 61)
Climatic Change     Open Access   (Followers: 61, SJR: 2.035, CiteScore: 4)
J. of Information Technology     Hybrid Journal   (Followers: 60, SJR: 1.752, CiteScore: 4)
Research in Higher Education     Hybrid Journal   (Followers: 58, SJR: 1.702, CiteScore: 2)
Advances in Data Analysis and Classification     Hybrid Journal   (Followers: 58, SJR: 1.09, CiteScore: 1)
Oecologia     Hybrid Journal   (Followers: 57, SJR: 1.695, CiteScore: 3)
J. of the Indian Society of Remote Sensing     Hybrid Journal   (Followers: 57, SJR: 0.337, CiteScore: 1)
J. of Experimental Criminology     Hybrid Journal   (Followers: 57, SJR: 2.639, CiteScore: 4)
Machine Learning     Hybrid Journal   (Followers: 57, SJR: 0.695, CiteScore: 3)
Earth, Moon, and Planets     Hybrid Journal   (Followers: 57, SJR: 0.63, CiteScore: 1)
J. of Business Ethics     Hybrid Journal   (Followers: 56, SJR: 1.276, CiteScore: 3)
Experimental Techniques     Hybrid Journal   (Followers: 56, SJR: 0.296, CiteScore: 1)
Intl. J. for Philosophy of Religion     Hybrid Journal   (Followers: 56, SJR: 0.354, CiteScore: 0)
Cambridge journal of evidence-based policing     Hybrid Journal   (Followers: 54)
Applied Composite Materials     Hybrid Journal   (Followers: 53, SJR: 0.58, CiteScore: 2)
Advances in Polymer Science     Hybrid Journal   (Followers: 49, SJR: 1.04, CiteScore: 3)
J. of Earth System Science     Open Access   (Followers: 49, SJR: 0.366, CiteScore: 1)
Intl. J. of Historical Archaeology     Hybrid Journal   (Followers: 49, SJR: 0.427, CiteScore: 1)
J. of Archaeological Research     Hybrid Journal   (Followers: 48, SJR: 2.159, CiteScore: 4)
European J. of Applied Physiology     Hybrid Journal   (Followers: 47, SJR: 1.186, CiteScore: 2)
Memory & Cognition     Hybrid Journal   (Followers: 47, SJR: 1.379, CiteScore: 2)
J. of Astrophysics and Astronomy     Open Access   (Followers: 47, SJR: 0.266, CiteScore: 0)
Environmental Management     Open Access   (Followers: 47, SJR: 0.921, CiteScore: 2)
Canadian J. of Anesthesia/J. canadien d'anesthésie     Hybrid Journal   (Followers: 46, SJR: 0.908, CiteScore: 2)
Contemporary Political Theory     Hybrid Journal   (Followers: 46, SJR: 0.331, CiteScore: 0)
Applied Biochemistry and Biotechnology     Hybrid Journal   (Followers: 44, SJR: 0.571, CiteScore: 2)
Bulletin of Materials Science     Open Access   (Followers: 43, SJR: 0.31, CiteScore: 1)
J. of Family Violence     Hybrid Journal   (Followers: 43, SJR: 0.679, CiteScore: 1)
Astrophysics and Space Science     Hybrid Journal   (Followers: 43, SJR: 0.616, CiteScore: 1)
Metallurgical and Materials Transactions A     Hybrid Journal   (Followers: 42, SJR: 1.093, CiteScore: 2)
Comparative European Politics     Hybrid Journal   (Followers: 42, SJR: 1.24, CiteScore: 2)
Demography     Hybrid Journal   (Followers: 41, SJR: 2.345, CiteScore: 3)
Foundations of Physics     Hybrid Journal   (Followers: 41, SJR: 0.454, CiteScore: 1)
J. of Intl. Business Studies     Hybrid Journal   (Followers: 41, SJR: 5.198, CiteScore: 7)
Water Resources Management     Open Access   (Followers: 40, SJR: 1.185, CiteScore: 3)
Qualitative Sociology     Hybrid Journal   (Followers: 40, SJR: 0.984, CiteScore: 1)
Advances in Atmospheric Sciences     Hybrid Journal   (Followers: 40, SJR: 0.956, CiteScore: 2)
Intl. J. of Earth Sciences     Hybrid Journal   (Followers: 40, SJR: 1.125, CiteScore: 2)
Data Mining and Knowledge Discovery     Hybrid Journal   (Followers: 40, SJR: 0.864, CiteScore: 4)
Mindfulness     Hybrid Journal   (Followers: 39, SJR: 1.132, CiteScore: 3)
Environment, Development and Sustainability     Hybrid Journal   (Followers: 39, SJR: 0.392, CiteScore: 1)
European Political Science     Hybrid Journal   (Followers: 39, SJR: 0.25, CiteScore: 0)
Economia Politica     Hybrid Journal   (Followers: 38, SJR: 0.277, CiteScore: 1)
Experimental Astronomy     Hybrid Journal   (Followers: 38, SJR: 0.908, CiteScore: 2)
Metal Science and Heat Treatment     Hybrid Journal   (Followers: 38, SJR: 0.279, CiteScore: 0)
Solar Physics     Hybrid Journal   (Followers: 37, SJR: 1.517, CiteScore: 3)
European J. of Health Economics     Hybrid Journal   (Followers: 37, SJR: 1.153, CiteScore: 2)
Scientometrics     Hybrid Journal   (Followers: 37, SJR: 1.125, CiteScore: 3)
IMF Economic Review     Hybrid Journal   (Followers: 37, SJR: 3.287, CiteScore: 2)
Climate Dynamics     Hybrid Journal   (Followers: 37, SJR: 2.445, CiteScore: 4)
Environmental Monitoring and Assessment     Hybrid Journal   (Followers: 37, SJR: 0.589, CiteScore: 2)
Aquatic Ecology     Hybrid Journal   (Followers: 37, SJR: 0.656, CiteScore: 2)
Educational Psychology Review     Hybrid Journal   (Followers: 37, SJR: 2.204, CiteScore: 4)
J. of World Prehistory     Hybrid Journal   (Followers: 36, SJR: 2.022, CiteScore: 3)
J. of Quantitative Criminology     Hybrid Journal   (Followers: 36, SJR: 3.562, CiteScore: 4)
Behavioral Ecology and Sociobiology     Hybrid Journal   (Followers: 36, SJR: 1.323, CiteScore: 2)
JOM J. of the Minerals, Metals and Materials Society     Hybrid Journal   (Followers: 36, SJR: 1.054, CiteScore: 2)
European J. of Nutrition     Hybrid Journal   (Followers: 35, SJR: 1.408, CiteScore: 3)
Annals of Finance     Hybrid Journal   (Followers: 35, SJR: 0.579, CiteScore: 1)
Advances in Health Sciences Education     Hybrid Journal   (Followers: 35, SJR: 1.64, CiteScore: 2)
Biotechnology Letters     Hybrid Journal   (Followers: 34, SJR: 0.621, CiteScore: 2)
Forensic Science, Medicine, and Pathology     Hybrid Journal   (Followers: 33, SJR: 0.695, CiteScore: 1)
Child and Adolescent Social Work J.     Hybrid Journal   (Followers: 33, SJR: 0.444, CiteScore: 1)
Plant Ecology     Hybrid Journal   (Followers: 32, SJR: 0.914, CiteScore: 2)
Political Behavior     Hybrid Journal   (Followers: 32, SJR: 2.708, CiteScore: 2)
Reviews in Fish Biology and Fisheries     Open Access   (Followers: 32, SJR: 1.8, CiteScore: 4)
Analytical and Bioanalytical Chemistry     Hybrid Journal   (Followers: 32, SJR: 0.978, CiteScore: 3)
Metallurgical and Materials Transactions B     Hybrid Journal   (Followers: 32)
European J. of Epidemiology     Hybrid Journal   (Followers: 32, SJR: 3.228, CiteScore: 6)
Der Onkologe     Hybrid Journal   (Followers: 32, SJR: 0.119, CiteScore: 0)
Ecosystems     Hybrid Journal   (Followers: 32, SJR: 2.081, CiteScore: 4)
Australian Educational Researcher     Hybrid Journal   (Followers: 31, SJR: 0.675, CiteScore: 1)
Italian Economic J.     Hybrid Journal   (Followers: 31, SJR: 0.181, CiteScore: 0)
J. of the American Society for Mass Spectrometry     Hybrid Journal   (Followers: 31, SJR: 1.058, CiteScore: 3)
Accreditation and Quality Assurance: J. for Quality, Comparability and Reliability in Chemical Measurement     Hybrid Journal   (Followers: 31, SJR: 0.316, CiteScore: 1)
Intl. Politics     Hybrid Journal   (Followers: 31, SJR: 0.728, CiteScore: 1)
Academic Psychiatry     Full-text available via subscription   (Followers: 30, SJR: 0.53, CiteScore: 1)
Boundary-Layer Meteorology     Hybrid Journal   (Followers: 30, SJR: 1.262, CiteScore: 2)
Resonance     Hybrid Journal   (Followers: 29, SJR: 0.15, CiteScore: 0)
Motivation and Emotion     Hybrid Journal   (Followers: 29, SJR: 1.136, CiteScore: 2)
Transportation     Hybrid Journal   (Followers: 29, SJR: 1.911, CiteScore: 3)
J. of Population Economics     Hybrid Journal   (Followers: 29, SJR: 1.574, CiteScore: 2)
AAPS J.     Hybrid Journal   (Followers: 29, SJR: 1.118, CiteScore: 4)
Information Systems Frontiers     Hybrid Journal   (Followers: 29, SJR: 0.821, CiteScore: 4)
Clinical Social Work J.     Hybrid Journal   (Followers: 29, SJR: 0.498, CiteScore: 1)
American J. of Community Psychology     Hybrid Journal   (Followers: 29, SJR: 1.329, CiteScore: 2)
J. of Economic Growth     Hybrid Journal   (Followers: 29, SJR: 5.529, CiteScore: 5)
Current Diabetes Reports     Hybrid Journal   (Followers: 29, SJR: 1.618, CiteScore: 4)
GPS Solutions     Hybrid Journal   (Followers: 29, SJR: 1.674, CiteScore: 5)
ADHD Attention Deficit and Hyperactivity Disorders     Hybrid Journal   (Followers: 28, SJR: 0.72, CiteScore: 2)
Knee Surgery, Sports Traumatology, Arthroscopy     Hybrid Journal   (Followers: 28, SJR: 1.845, CiteScore: 3)
CEAS Aeronautical J.     Hybrid Journal   (Followers: 28, SJR: 0.248, CiteScore: 1)
Environmental Earth Sciences     Hybrid Journal   (Followers: 28, SJR: 0.552, CiteScore: 2)
J. of Risk and Uncertainty     Hybrid Journal   (Followers: 28, SJR: 1.471, CiteScore: 2)
J. of Happiness Studies     Hybrid Journal   (Followers: 28, SJR: 0.827, CiteScore: 2)
Flow, Turbulence and Combustion     Hybrid Journal   (Followers: 28, SJR: 0.934, CiteScore: 2)
Microsystem Technologies     Hybrid Journal   (Followers: 27, SJR: 0.346, CiteScore: 1)
IIC - Intl. Review of Intellectual Property and Competition Law     Hybrid Journal   (Followers: 27, SJR: 0.28, CiteScore: 0)
Law and Philosophy     Hybrid Journal   (Followers: 27, SJR: 0.471, CiteScore: 1)
Landslides     Hybrid Journal   (Followers: 27, SJR: 1.802, CiteScore: 4)
Astrophysics     Hybrid Journal   (Followers: 27, SJR: 0.225, CiteScore: 0)
Intl. J. of Information Security     Hybrid Journal   (Followers: 27, SJR: 0.555, CiteScore: 3)
Educational Assessment, Evaluation and Accountability     Hybrid Journal   (Followers: 26, SJR: 0.599, CiteScore: 1)
Higher Education Policy     Hybrid Journal   (Followers: 26, SJR: 0.652, CiteScore: 1)
J. of Ornithology     Hybrid Journal   (Followers: 26)
J. of Analytical Chemistry     Hybrid Journal   (Followers: 26, SJR: 0.265, CiteScore: 1)
J. of Financial Services Research     Hybrid Journal   (Followers: 26, SJR: 1.31, CiteScore: 1)
Applied Physics B: Lasers and Optics     Hybrid Journal   (Followers: 26, SJR: 0.74, CiteScore: 2)
Aquaculture Intl.     Hybrid Journal   (Followers: 26, SJR: 0.591, CiteScore: 2)
J. of Computational Neuroscience     Hybrid Journal   (Followers: 25, SJR: 0.888, CiteScore: 2)
J. of Banking Regulation     Hybrid Journal   (Followers: 25, SJR: 0.22, CiteScore: 0)
J. of Thermal Analysis and Calorimetry     Hybrid Journal   (Followers: 25, SJR: 0.587, CiteScore: 2)
Water, Air, & Soil Pollution     Open Access   (Followers: 25, SJR: 0.589, CiteScore: 2)
Intl. J. of Sexuality and Gender Studies     Hybrid Journal   (Followers: 25)
Review of Accounting Studies     Hybrid Journal   (Followers: 25, SJR: 2.757, CiteScore: 2)
Public Choice     Hybrid Journal   (Followers: 25, SJR: 0.991, CiteScore: 1)
J. of Nutrition, Health and Aging     Hybrid Journal   (Followers: 25, SJR: 1.249, CiteScore: 3)
Continental Philosophy Review     Partially Free   (Followers: 25, SJR: 0.145, CiteScore: 0)
Human Rights Review     Hybrid Journal   (Followers: 25, SJR: 0.175, CiteScore: 1)
European Business Organization Law Review (EBOR)     Full-text available via subscription   (Followers: 25, SJR: 0.409, CiteScore: 1)
Acta Mechanica     Hybrid Journal   (Followers: 25, SJR: 1.04, CiteScore: 2)
Human Ecology     Open Access   (Followers: 25, SJR: 0.752, CiteScore: 2)
Evolutionary Biology     Hybrid Journal   (Followers: 25, SJR: 0.81, CiteScore: 2)
European J. of Clinical Microbiology & Infectious Diseases     Hybrid Journal   (Followers: 25, SJR: 1.312, CiteScore: 3)
Russian Aeronautics (Iz VUZ)     Hybrid Journal   (Followers: 24, SJR: 0.136, CiteScore: 0)
Meteorology and Atmospheric Physics     Hybrid Journal   (Followers: 24, SJR: 0.543, CiteScore: 1)
The European Physical J. D - Atomic, Molecular, Optical and Plasma Physics     Hybrid Journal   (Followers: 24, SJR: 0.387, CiteScore: 1)
Wetlands     Hybrid Journal   (Followers: 24, SJR: 0.755, CiteScore: 2)
Mechanics of Composite Materials     Hybrid Journal   (Followers: 24, SJR: 0.313, CiteScore: 1)
J. of Public Health Policy     Partially Free   (Followers: 24, SJR: 0.715, CiteScore: 1)
World J. of Surgery     Hybrid Journal   (Followers: 24, SJR: 1.359, CiteScore: 2)
J. of Chemical Sciences     Partially Free   (Followers: 24, SJR: 0.352, CiteScore: 1)
Experimental Economics     Hybrid Journal   (Followers: 24, SJR: 2.276, CiteScore: 2)
J. of Pharmacokinetics and Pharmacodynamics     Hybrid Journal   (Followers: 24, SJR: 0.784, CiteScore: 2)
Biological Invasions     Hybrid Journal   (Followers: 24, SJR: 1.514, CiteScore: 3)
Experimental Mechanics     Hybrid Journal   (Followers: 24, SJR: 0.947, CiteScore: 2)
Breast Cancer Research and Treatment     Hybrid Journal   (Followers: 24, SJR: 2.066, CiteScore: 4)
Intl. J. of Mental Health and Addiction     Hybrid Journal   (Followers: 24, SJR: 0.49, CiteScore: 1)
Intl. J. of Science and Mathematics Education     Hybrid Journal   (Followers: 24, SJR: 0.737, CiteScore: 1)
Russian J. of Non-Ferrous Metals     Hybrid Journal   (Followers: 23, SJR: 0.281, CiteScore: 1)
J. of Materials Science     Hybrid Journal   (Followers: 23, SJR: 0.807, CiteScore: 3)
Breast Cancer     Hybrid Journal   (Followers: 23, SJR: 0.653, CiteScore: 2)
Diabetes Therapy     Open Access   (Followers: 23, SJR: 1.094, CiteScore: 3)
Canadian J. of Public Health     Hybrid Journal   (Followers: 23, SJR: 0.609, CiteScore: 1)
Critical Criminology     Hybrid Journal   (Followers: 23, SJR: 0.34, CiteScore: 1)
J. of Materials Engineering and Performance     Hybrid Journal   (Followers: 23, SJR: 0.611, CiteScore: 2)
Fluid Dynamics     Hybrid Journal   (Followers: 23, SJR: 0.345, CiteScore: 1)
Animal Cognition     Hybrid Journal   (Followers: 23, SJR: 1.389, CiteScore: 3)
Erkenntnis     Hybrid Journal   (Followers: 23, SJR: 1.502, CiteScore: 1)
Ethical Theory and Moral Practice     Hybrid Journal   (Followers: 23, SJR: 0.402, CiteScore: 1)
European Spine J.     Hybrid Journal   (Followers: 23, SJR: 1.535, CiteScore: 2)
Behavior Research Methods     Hybrid Journal   (Followers: 22, SJR: 2.099, CiteScore: 4)
J. of Public Health     Hybrid Journal   (Followers: 22, SJR: 0.265, CiteScore: 1)
Archaeological and Anthropological Sciences     Hybrid Journal   (Followers: 22, SJR: 1.052, CiteScore: 2)
Eating and Weight Disorders - Studies on Anorexia, Bulimia and Obesity     Hybrid Journal   (Followers: 22, SJR: 0.572, CiteScore: 2)
Electrical Engineering     Hybrid Journal   (Followers: 22, SJR: 0.323, CiteScore: 1)
Cancer Immunology, Immunotherapy     Hybrid Journal   (Followers: 22, SJR: 1.899, CiteScore: 5)
Astronomy and Astrophysics Review     Hybrid Journal   (Followers: 22, SJR: 3.385, CiteScore: 5)
American J. of Psychoanalysis     Hybrid Journal   (Followers: 22, SJR: 0.314, CiteScore: 0)
Current Microbiology     Hybrid Journal   (Followers: 22, SJR: 0.562, CiteScore: 1)
Science & Education     Hybrid Journal   (Followers: 22)
Applied Solar Energy     Hybrid Journal   (Followers: 22, SJR: 0.225, CiteScore: 0)
Environmental and Resource Economics     Hybrid Journal   (Followers: 22, SJR: 1.186, CiteScore: 2)
Chromatographia     Hybrid Journal   (Followers: 22, SJR: 0.514, CiteScore: 1)
Heat and Mass Transfer     Hybrid Journal   (Followers: 22, SJR: 0.448, CiteScore: 1)
Netherlands Intl. Law Review     Full-text available via subscription   (Followers: 22, SJR: 0.274, CiteScore: 0)
Human Nature     Hybrid Journal   (Followers: 22, SJR: 1.092, CiteScore: 2)
Coral Reefs     Hybrid Journal   (Followers: 21, SJR: 1.307, CiteScore: 3)
Hydrogeology J.     Hybrid Journal   (Followers: 21, SJR: 0.886, CiteScore: 2)
Astronomy Letters     Hybrid Journal   (Followers: 21, SJR: 0.452, CiteScore: 1)
African Archaeological Review     Hybrid Journal   (Followers: 21, SJR: 0.862, CiteScore: 1)
Advances in Computational Mathematics     Hybrid Journal   (Followers: 21, SJR: 0.812, CiteScore: 1)
Artificial Intelligence Review     Hybrid Journal   (Followers: 21, SJR: 0.833, CiteScore: 4)

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Similar Journals
Journal Cover
European Journal of Law and Economics
Journal Prestige (SJR): 0.375
Citation Impact (citeScore): 1
Number of Followers: 63  
  Hybrid Journal Hybrid journal (It can contain Open Access articles)
ISSN (Print) 1572-9990 - ISSN (Online) 0929-1261
Published by Springer-Verlag Homepage  [2574 journals]
  • Bankruptcy procedures in the post-transition economies
    • Abstract: In the absence of well-developed financial markets, bankruptcy procedures provide useful mechanisms to ease and organize the capital transfers of distressed businesses. From an investor’s perspective, such court-supervised ways of solving financial distress are part of the attractiveness of the post-transition economies that eventually integrated the European Union. This article originally analyzes the content of bankruptcy files handled by the courts operating in three Eastern European countries: Hungary, Poland, and Romania. Our approach mostly focuses on the two fundamental issues that bankruptcy courts must solve when the question of repayments arises: (1) maximizing and (2) sharing the debtor’s value. We first find that the investors’ recovery power strongly depends on the local rules prevailing after bankruptcy filing (legal indexes) and on the type of procedure engaged (reorganization vs. liquidation). Second, total recoveries do not benefit from the presence of public claims suggesting some passivity from the state, in the context of post-transition. Conversely, junior creditors exert a positive influence on total recoveries despite their poor legal protection, which contrasts with secured creditors (confirming the bad incentives that collaterals may generate). In addition, as in Western Europe, the Eastern European bankruptcy systems provide stronger protection for private secured claims than for public claims.
      PubDate: 2019-11-08
  • Coase and transaction costs reconsidered: the case of the English
           lighthouse system
    • Abstract: What is Coase’s understanding of transaction costs in economic theory and history' Our argument in this paper is twofold, one theoretical and the other empirical. First, Coase regarded positive transaction costs as the beginning, not the end, of any analysis of market processes. From a Coasean perspective, positive transaction costs represent a profit opportunity for entrepreneurs to erode such transaction costs, namely by creating gains from trade through institutional innovation. We demonstrate the practical relevance of entrepreneurship for reducing transaction costs by revisiting the case of the lightship at the Nore, an entrepreneurial venture which had arisen to erode the transaction costs associated with regulation by Trinity House, the main lighthouse authority of England and Wales. By intervening into the entrepreneurial market process, Trinity House would pave the way for the nationalization of the entire English and Welsh lighthouse system. By connecting our theoretical contribution with an empirical application, we wish to illustrate that Coase’s theoretical understanding of transaction costs is inherently linked to an empirical analysis of market processes.
      PubDate: 2019-11-06
  • Law enforcement with criminal organizations and endogenous collaboration
    • Abstract: This paper proposes a simple framework consisting of a law enforcement model in which criminal organizations (Mafias) can collaborate with each other to control an illegal market. Within this framework, we investigate two different situations: (1) a single monopolistic criminal organization operation or (2) an organization collaborating with another criminal organization. Depending on the quality of the controlled illegal market, the welfare implications of these scenarios vary. This paper also investigates an incentive for criminal organizations to engage in endogenous cooperation. As a result, we explore how criminal organizations’ incentives coincide with social welfare implications.
      PubDate: 2019-10-28
  • The apolitical lawyer: experimental evidence of a framing effect
    • Abstract: Behavioural law and economics has established a burgeoning research agenda investigating the impact of bias and heuristics on legal decision-making. One of the most important behavioural contributions concerns the impact of framing on choice. The present article expands this line of scholarship by developing a novel hypothesis under which lawyers’ attachment to objectivity and neutrality is assumed to militate against frames challenging the profession’s underlying norms. More specifically, the “apolitical hypothesis” expects the attachment of legally irrelevant political motivation to legal arguments to decrease their attractiveness. The hypothesis is tested in an experimental setting accounting for a varying degree of legal indeterminacy in the domain of European Union law. The experimental results show support for the hypothesis: a political frame made law students 12–24% more likely to select the “apolitical” legal option.
      PubDate: 2019-10-21
  • Consensus and dissent in the resolution of conflicts of competence by the
           Spanish Constitutional Court: the role of federalism and ideology
    • Abstract: Given the lack of unambiguously constitutional foundations, Spain’s Constitutional Court (TC) has being playing a leading role in building the regulatory framework of the Autonomic State. This paper analyses whether this function is sufficient to explain the level of agreement among TC justices when adopting their resolutions, and in particular, on reaching unanimous rulings. If so, the legalist/federalist model would be a more adequate model to explain the behaviour of TC justices than the other models proposed in the literature on judicial behaviour: the attitudinal and the strategic models. A database has been constructed for this purpose with the 390 positive conflicts of competence between the central government and the autonomous communities resolved by the TC from 1981 to 2017, which have been used to estimate various explanatory models of unanimous rulings. The results obtained show the importance of the legalist/federalist model when attempting to explain unanimity in the Court’s pronouncements, but they also offer evidence that there are other factors that also influence the level of agreement among TC justices, remarkably the ideological ones.
      PubDate: 2019-10-11
  • On the choice of legal standards: a positive theory for comparative
    • Abstract: In contrast to existing economic theory on the choice of legal standards in the enforcement of Competition Law, we develop a modelling framework that accounts explicitly for (a) Courts’ choices, given the substantive standard adopted and (b) Competition Authorities (CAs) setting legal standards anticipating Courts’ choices, recognizing that CAs place at least some weight on the implications of their choices for the outcome of the judicial review process and, hence, for their reputation. We then show why CAs may favor Per Se type standards (even when an error-minimising or welfare maximization approach would suggest the choice of an effects-based standard), with sub-optimal utilization of economic analysis, how this choice is affected by the Courts’ substantive standards, why the legal standards for any given conduct may differ between countries, why there may be a U-shaped empirical relationship between legal standards and the probability that the CA’s decisions are annuled and how the choice of standards affects other aspects of enforcement, such as the number of investigations undertaken.
      PubDate: 2019-10-01
  • How to turn crowding-out into crowding-in' An innovative instrument
           and some law-related examples
    • Abstract: Using a simple decision-theoretic approach, we formalize how agents with different kinds of intrinsic motivations react to the introduction of monetary incentives. We contend that empirical results supporting the existence of a crowding-out effect under various legal procedures hide a more complex reality, where some individuals contribute thanks to these additional monetary incentives while others reduce their contributions. Our approach allows us to study the theoretical ability of the self selection mechanism (Mellström and Johannesson in J Eur Econ Assoc 6:845–863, 2008; Beretti et al. in Kyklos 66(1):63–77, 2013) to reduce the likelihood to backfire against the cause it is meant to promote. This mechanism consists of a monetary payment for the pro-social behavior and it offers agents the choice to either keep the money for themselves or to direct it to a charity. We show that this legal procedure dominates others more classical procedures because it taps wisely into the motivational heterogeneity of individuals. It uses a self-selection mechanism to match adequate monetary incentives with individuals’ types regarding intrinsic motivations. It may even turn a situation subject to crowding-out into a crowding-in outcome.
      PubDate: 2019-08-26
  • How many patents are truly valid' Extent, causes, and remedies for
           latent patent invalidity
    • Abstract: A substantial number of patents tested in court for validity are invalidated. If a similar portion of all patents was deemed invalid in hypothetical validity tests, then this would indicate a seriously flawed patent system due to restrictions unduly imposed by these erroneously granted patents on users and follow-on innovators. Thus, we ask, if a randomly picked patent underwent revocation proceedings, what are the odds of its invalidation' We address this question by analyzing the various selection effects through which patents become subject to validity decisions. Empirically, we focus on Germany, where revocation proceedings are separate from infringement suits and where, in court decisions during the period of 2010–2012, 45% of patents were determined to be fully invalid and 33% to be partially invalid. Based on data gleaned through expert interviews, a survey among lawyers, and an econometric analysis of court judgments, we find the likelihood of (hypothetical) invalidation of a randomly picked patent to be in the same range as that for actually adjudicated patents. As the main cause of patent invalidity we identify incomplete searches for prior art during examination. Our arguments carry over to other legislations. To remedy this situation, we suggest a significant increase of the inventive step required for patent grant combined with a smaller increase of the inventive-step standard in litigation.
      PubDate: 2019-08-19
  • The efficiency of bankruptcy law: evidence of creditor protection in
    • Abstract: A debt does not function as a liquid asset in an ineffective enforcement environment. In this study, we investigated the efficiency of creditor protection in insolvency. We approached efficiency in three dimensions: ex ante, ex post, and interim. This paper presents the differences between Polish and Spanish ex ante efficiency, the factors influencing the interim recovery rate and efficiency, and the differences between ex ante and ex post efficiency in Polish proceedings. We studied 17,494 financial statements of Polish companies and the finalized proceedings of 784 court cases from the period 2004–2012. We applied regression analysis, combined with classification and robustness tests. Our evidence supports the conclusion that Polish insolvency proceedings are inefficient. The interim efficiency oscillates at 12% per annum. The duration of the proceeding from filing until resolution takes an average of 853 days. These results have policy implications, as creditor protection is a major aspect in attracting investment for net foreign debtors.
      PubDate: 2019-08-13
  • Indigenous land demarcation conflicts in Brazil: Has the Supreme Court’s
           decision brought (in)stability'
    • Abstract: We investigate judiciary decision-making patterns regarding property rights conflicts between native Brazilians and rural farmers in the Midwest region of Brazil. Our main contribution is the use of the qualitative comparative analysis (QCA) method for the evaluation of the issue. We use QCA to examine a unique database composed of cases heard by a regional federal court in Brazil between 1999 and 2013. Our empirical analysis is based on the outcomes of the individual judicial procedures along with the specific laws and jurisprudences evoked by the federal judges in making their decisions. We find evidence that a major case settled by the Brazilian Supreme Court in 2009, celebrated as a landmark in national jurisprudence and expected to bring stability to the conflicts, did not have this effect on lower courts’ judgments. In fact, the 2009 decision triggered a proliferation of different interpretations among judges about how to analyze the land conflicts, thus changing the structure of the judges’ decisions. Based on these findings, we can shed new light on the dynamics of judicial decision-making regarding property rights conflicts of indigenous lands in Brazil.
      PubDate: 2019-08-09
  • Political competition in judge and prosecutor elections
    • Abstract: The United States is unique in that important actors within the criminal justice system, namely judges and prosecutors, are selected in popular election. Several states are currently adjusting whether political party affiliation is listed on the ballot. Additionally, states differ by how easy it is for candidates from non-dominant parties to gain access to the ballot. We use a laboratory experiment to investigate how these two important policy changes to political competition affect campaign spending and outcomes. Using asymmetric contests designed to capture the institutional change, we find that subjects spend beyond both the socially optimal level and the amount predicted by theory. This over-competition is not uniform, but rather concentrated in those subjects who have the strategic advantage (either dominant-party affiliation or restricted ballot access of competitors). Opening up the election process, therefore, leads to reductions in the wasteful, rent-seeking spending (contrary to theory). Disadvantaged subjects are less likely to exit the race when the election process is opened, as well. Thus, a level playing field promotes participation. Furthermore, we explore heterogeneous treatment effects, finding less campaign spending for risk-loving, non-ambiguity averse, strategically sophisticated, and pro-social subjects. Therefore, elections disproportionately select individuals without these characteristics. Additionally, the mix of those who win the election adjust with changes in the electoral rules as well.
      PubDate: 2019-08-06
  • Law and economics and the role of explanation: A comment of Guido
           Calabresi, The Future of Law and Economics
    • Abstract: A central theme of Guido Calabresi’s The Future of Law and Economics is the way that economic analysis of law tends to reject as irrational whatever aspects of law or life do not fit its approach. Calabresi argues instead for a different approach he labels “law and economics,” which includes a greater willingness to modify economic analysis to allow it better to fit law and life. This Review Essay elaborates Calabresi’s argument, supplementing it with ideas from other sources, including Arthur Leff’s parallel response to economic analysis, “Some Realism about Nominalism,” and an earlier Calabresi article, “Supereditor or Translator.” Among the topics discussed are the role of historical/causal analysis, and the different sorts of explanation that we do expect, or should expect, from theories of law.
      PubDate: 2019-08-01
  • Complexity and the Cathedral: making law and economics more Calabresian
    • Abstract: This article argues that Calabresi and Melamed’s “Cathedral” framework of property rules, liability rules, and inalienability rules needs to be extended using the tools of complex systems theory in order to capture important institutional features of the law. As an applied field, law and economics looks to law in choosing the appropriate analytical tools from economics—something that Calabresi has identified (in strong form) as law and economics as opposed to economic analysis of law. Recognizing law as a complex system requires a rethinking of some Realist-inspired assumptions that underpin economically inspired analysis of law. These assumptions include a preference for narrow, concrete concepts and a skepticism about traditional doctrines and baselines—and ultimately Legal Realism’s extreme nominalism and the strong bundle of rights picture of property. The article shows how the Calabresi and Melamed (C&M) framework exhibits gaps that can be addressed by systems theory; these include narrow entitlements to engage in specific activities, liability rules that allow an affected party to buy out an activity (Rule 4), opportunistic behavior by parties that destabilizes liability rules, and the role of equity as an institutional response. Extending the C&M framework to treat it as a system helps prevent the C&M framework from flattening the law out. If we supplement the C&M framework to take account of law as a system, we can bring it closer to Calabresian law and economics.
      PubDate: 2019-08-01
  • Law and economics versus economic analysis of law
    • Abstract: I agree with Calabresi’s general distinction between Economic Analysis of Law and Law and Economics. However, these broad categories may obscure important differences between types of law and economics scholarship. I would distinguish positive economic analysis from normative economic analysis, and positivist legal analysis from nonpositivist analysis. The four categories generated by these distinctions provide a more fine-grained map of the styles of reasoning in law and economics, and has implications for the future of law and economics.
      PubDate: 2019-08-01
  • Do we need behavioral economics to explain law'
    • Abstract: Do we need behavioral economics to explain law' I analyze Judge Guido Calabresi’s claim that we do. I find that, actually, we don’t; traditional economic theory can explain law just fine.
      PubDate: 2019-08-01
  • Mistaken about mistakes
    • Abstract: Theoretical work in behavioral economics aims to modify assumptions of standard neoclassical models of individual decision-making to better comport with observed behavior. The alternative assumptions fall into at least two categories: non-standard preferences and psychological mistakes. Applications of behavioral economics models in law, however, tend to assume that deviations from standard neoclassical models are meant to build in psychological mistakes that produce regrettable choices. Often follow-on policy prescriptions suggest interventions that either help individuals choose correctly or go further to substitute the “correct” choices for those that mistake-prone individuals might choose in error. Such policy prescriptions are ill suited in cases where the applied behavioral economics model assumes non-standard preferences as opposed to psychological mistakes. This essay provides examples of models in each category and examples of mistaken applications of models that assume non-standard preferences rather than psychological mistakes. It also suggests ways to avoid errors when applying behavioral economics theories in law.
      PubDate: 2019-08-01
  • The future of law and economics and the legacy of Guido Calabresi
    • PubDate: 2019-07-30
  • Individual dismissals for personal and economic reasons in French firms:
           One or two models'
    • Abstract: Most OECD countries divide dismissals into different types, depending on their grounds, as either disciplinary or economic. Restricted to individual dismissals, this article seeks to better understand how the differences between these two grounds with regard to statutory provisions result in the dismissal behavior of employers. Do employers choose this designation to minimize termination costs (severance payment and damages)' Using an original database of French establishments from 1999 to 2009, this article aims to analyze the factors influencing employers’ use of economic and personal dismissals, providing insights into the enforcement capability of legal dismissal rules and the part played by strategic behavior. In our view, strategic behaviors should be reflected in the factors influencing both types of dismissal decisions identically, whereas compliance with legal provisions induces contrasting influences. Thus, the hypothesis tested—called the uniqueness of the model of dismissal—is the absence of specificity of the determinants, especially regarding the economic conditions of the firm and related human resource management characteristics, between the two types of dismissal. The results highlight the existence of two quite different models of dismissal even though the personal dismissal determinants are not orthogonal to the economic conditions of the firm. Economic dismissals are essentially explained by the economic conditions of firms, whereas personal dismissals are linked to the propensity of human resource management to retain employees.
      PubDate: 2019-07-23
  • Compensation in personal injury cases: mean or median income'
    • Abstract: Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantitatively, mean and median incomes are typically very different. For example, in the US, median income is 65% of mean income. In this paper we use economic theory to determine the relation between the appropriate make-whole (full) compensation and mean and median work incomes. Given that consumption uncertainty associated with compensation generally exceeds that associated with work income, we show that the appropriate make-whole compensation exceeds mean (and therefore median) work income. Hence, if the compensation must be either the mean or the median work income, then mean work income should generally be selected.
      PubDate: 2019-07-02
  • Law, economics and Calabresi on the future of law and economics
    • Abstract: There exists a distinction between ‘law and economics’ and the ‘economic analysis of law’. The former, corresponding to Coase’s approach, consists in taking legal rules into account insofar as they influence economic activities. The latter, associated to Posner’s name, consists in using economics to analyze legal problems. Methodologically speaking, if one admits that the economic analysis of law consists in using economic tools to analyze legal problems, Calabresi’s own work must be classified as such. However, Calabresi has always insisted that his own approach differs from Posner’s economic analysis of law. In this paper, we take the opportunity of Calabresi’s new book—The Future of Law and Economics—to revisit Calabresi’s approach to law and economics. In his book, Calabresi explains that the economic analysis of law is unsatisfactory because economics is too narrow. He insists on the need to amplify economic analysis by: first, adopting a more realistic approach à la Coase; second, taking merit goods into account; and third, including individuals’ propensity to be altruistic. We analyze these three aspects and show that it leads to a certain ambiguity in terms of the distinction between ‘law and economics’ and the ‘economic analysis of law’.
      PubDate: 2019-06-10
School of Mathematical and Computer Sciences
Heriot-Watt University
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