Benito Arruñada and Marco Casari use an experimental framework to explore how institutions that allocate enforcement rights affect credit transactions.
Career concerns are particularly relevant in the legal profession since the variance in lawyers’ earnings is large. Moreover, differences in perceived talents are a substantial determinant of the abovementioned variance. Rosa Ferrer studies how career concerns influence effort levels, litigants’ strategic interactions, and the role of the difficulty of the case as a multiplier of the career concerns implicit incentive.
Benito Arruñada explores the palliative methods used by Roman law to enable market exchange.