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  1. Economic analysis of accident law
    Autor*in: Shavell, Steven
    Erschienen: 1987
    Verlag:  Harvard University Press, Cambridge, MA

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    Sprache: Englisch
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    ISBN: 9780674024175; 9780674043510
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    RVK Klassifikation: PU 5340
    Schlagworte: Liability (Law); Law and economics
    Umfang: Online-Ressource (xii, 312 p), ill
    Bemerkung(en):

    Includes bibliography and index

    Electronic reproduction; Available via World Wide Web

    IntroductionLiability and deterrence: basic theory -- Liability of firms -- Factors bearing on the determination of negligence -- Causation and scope of liability -- The magnitiude of liability: damages -- Other topics in liability -- The allocation of risk and the theory of insurance -- Liability, risk-bearing, and insurance: basic theory -- Liability, risk-bearing, and insurance: extensions to the basic theory -- Liability and administrative costs -- Liability versus other approaches to the control of risk -- Critical comments.

  2. On the law of the household: the principles used by parents in disciplining their children
    Autor*in: Shavell, Steven
    Erschienen: 2021
    Verlag:  Harvard Law School, Cambridge, MA

    In this article I first describe the basic principles that parents employ in disciplining their children. The description is based on a survey of parents, the major results of which are that parental sanctions are premised on wrongdoing—not on the... mehr

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    In this article I first describe the basic principles that parents employ in disciplining their children. The description is based on a survey of parents, the major results of which are that parental sanctions are premised on wrongdoing—not on the mere causation of harm; that parental sanctions tend to be greater when wrongdoing results in harm than when it does not; that parental sanctions for intentionally harmful conduct exceed those for negligence; and that parental sanctions are not raised when the probability that wrongdoing would be discovered is low.I then develop a theory to explain the principles of discipline as functional for parents. The kernel of the theory is that the rules of discipline maximize the expected utility of parents—assuming that the utility of parents is reduced by the occurrence of harm and also reflects the well–being of their children.After elaborating the theory, I comment on several related issues, including the possible influence of childhood experience on our preferences as adults over legal rules; and I remark on the similarity between the principles of criminal law and those applied by parents in disciplining their children

     

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    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1070 (08/2021)
    Schlagworte: Eltern; Kinder; Kinderschutz; Rechtsökonomik; Rules; Incentives; Parents; Children; Law and Economics
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  3. The illusory promise of stakeholder governance
    Erschienen: 2020
    Verlag:  Harvard Law School, Cambridge, MA

    To address growing concerns about the negative effects of corporations on their stakeholders, supporters of stakeholder governance (“stakeholderism”) advocate a governance model that encourages and relies on corporate leaders to serve the interests... mehr

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    To address growing concerns about the negative effects of corporations on their stakeholders, supporters of stakeholder governance (“stakeholderism”) advocate a governance model that encourages and relies on corporate leaders to serve the interests of stakeholders and not only those of shareholders. We conduct a conceptual, economic, and empirical analysis of stakeholderism and its expected consequences. Stakeholderism, we conclude, is an inadequate and substantially counterproductive approach to addressing stakeholder concerns. To assess the promise of stakeholderism to protect stakeholders, we analyze the full array of incentives facing corporate leaders; empirically investigate whether they have in the past used discretion to protect stakeholders; and show that recent commitments to stakeholderism were mostly for show rather than a reflection of plans to improve the treatment of stakeholders. Our analysis indicates that, because corporate leaders have strong incentives not to protect stakeholders beyond what would serve shareholder value, acceptance of stakeholderism should not be expected to produce material benefits for stakeholders.Furthermore, we show that acceptance of stakeholderism could well impose major costs. By making corporate leaders less accountable and more insulated from shareholder oversight, acceptance of stakeholderism would increase slack and hurt performance, reducing the economic pie available to shareholders and stakeholders. In addition, and importantly, by raising illusory hopes that corporate leaders would on their own protect stakeholders, acceptance of stakeholderism would impede or delay reforms that could bring real, meaningful protection to stakeholders.The illusory promise of stakeholderism should not be allowed to advance a managerialist agenda and to obscure the critical need for external interventions to protect stakeholders via legislation, regulation, and policy design. Stakeholderism should be rejected, including and especially by those who take stakeholder interests seriously.Presentation slides for this paper are available on SSRN here.This paper is part of a larger research project of the Harvard Law School Corporate Governance on stakeholder capitalism and stakeholderism. Another part of this research project is For Whom Corporate Leaders Bargain by Lucian A. Bebchuk, Kobi Kastiel, and Roberto Tallarita

     

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    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1052 (12/2020)
    Schlagworte: Corporate purpose; corporate social responsibility; stakeholders; stakeholder governance; stakeholder capitalism; enlightened shareholder value; corporate governance; Business Roundtable; constituency statutes; entrenchment; accountability; managerialism
    Umfang: 1 Online-Ressource (circa 77 Seiten)
  4. Deterrence and the adjustment of sentences during imprisonment
    Erschienen: July 2019
    Verlag:  SIEPR, Stanford Institute for Economic Policy Research, Stanford, CA

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    Schriftenreihe: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 19, 018 (July, 2019)
    Umfang: 1 Online-Ressource (circa 25 Seiten)
  5. Deterrence and the adjustment of sentences during imprisonment
    Erschienen: July 2019
    Verlag:  National Bureau of Economic Research, Cambridge, MA

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    Schriftenreihe: Working paper series / National Bureau of Economic Research ; 26083
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    Erscheint auch als Online-Ausgabe

  6. On the redesign of accident liability for the world of autonomous vehicles
    Autor*in: Shavell, Steven
    Erschienen: 2019
    Verlag:  Harvard Law School, Cambridge, MA

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    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1014 (08/2019)
    Schlagworte: Kraftfahrzeug; Autonomes Fahrzeug; Verkehrsunfall; Haftung
    Umfang: 1 Online-Ressource (circa 33 Seiten), Illustrationen
    Bemerkung(en):

    Auch NBER Working Paper No. 26220

  7. The specter of the Giant Three
    Erschienen: June 2019
    Verlag:  National Bureau of Economic Research, Cambridge, MA

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    Schriftenreihe: Working paper series / National Bureau of Economic Research ; 25914
    Schlagworte: Investmentfonds; Unternehmenskonzentration; Unternehmenserfolg; Kapitalbeteiligung; Aktiengesellschaft; index funds
    Umfang: 19 Seiten, Illustrationen
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    Erscheint auch als Online-Ausgabe

  8. The specter of the Giant Three
    Erschienen: 2019
    Verlag:  Harvard Law School, Cambridge, MA

    This Article examines the large, steady, and continuing growth of the Big Three index fund managers—BlackRock, Vanguard, and State Street Global Advisors. We show that there is a real prospect that index funds will continue to grow, and that voting... mehr

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    This Article examines the large, steady, and continuing growth of the Big Three index fund managers—BlackRock, Vanguard, and State Street Global Advisors. We show that there is a real prospect that index funds will continue to grow, and that voting in most significant public companies will come to be dominated by the future "Giant Three." We begin by analyzing the drivers of the rise of the Big Three, including the structural factors that are leading to the heavy concentration of the index funds sector. We then provide empirical evidence about the past growth and current status of the Big Three, and their likely growth into the Giant Three. Among other things, we document that the Big Three have almost quadrupled their collective ownership stake in S&P 500 companies over the past two decades; that they have captured the overwhelming majority of the inflows into the asset management industry over the past decade; that each of them now manages 5% or more of the shares in a vast number of public companies; and that they collectively cast an average of about 25% of the votes at S&P 500 companies. We then extrapolate from past trends to estimate the future growth of the Big Three. We estimate that the Big Three could well cast as much as 40% of the votes in S&P 500 companies within two decades. Policymakers and others must recognize - and must take seriously - the prospect of a Giant Three scenario. The plausibility of this scenario exacerbates concerns about the problems with index fund incentives that we identify and document in other work.

     

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    Auflage/Ausgabe: Last revised: May 2019
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1004 (05/2019)
    Schlagworte: Investmentfonds; Unternehmenskonzentration; Unternehmenserfolg; Kapitalbeteiligung; Aktiengesellschaft; index funds
    Umfang: 1 Online-Ressource (circa 24 Seiten), Illustrationen
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    Forthcoming in Boston University Law Review, Vol. 99 (2019). - This paper is also Discussion Paper 2019-8 of the Harvard Law School Program on Corporate Governance

  9. Deterrence and the adjustment of sentences during imprisonment
    Erschienen: July 2019
    Verlag:  Harvard Law School, Cambridge, MA

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    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1011 (07/2019)
    Schlagworte: Deterrence; imprisonment; sentence adjustment; sanctions; parole; recidivism
    Umfang: 1 Online-Ressource (circa 25 Seiten)
    Bemerkung(en):

    Auch NBER Working Paper No. 26083

  10. Dancing with activists
    Erschienen: August 2019
    Verlag:  National Bureau of Economic Research, Cambridge, MA

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    Schriftenreihe: Working paper series / National Bureau of Economic Research ; 26171
    Schlagworte: Protestbewegung; Unternehmenspolitik; Aktiengesellschaft; Konfliktregelung; USA; settlement agreement
    Umfang: 75 Seiten, Illustrationen
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  11. On the redesign of accident liability for the world of autonomous vehicles
    Autor*in: Shavell, Steven
    Erschienen: September 2019
    Verlag:  National Bureau of Economic Research, Cambridge, MA

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    Schriftenreihe: Working paper series / National Bureau of Economic Research ; 26220
    Schlagworte: Kraftfahrzeug; Autonomes Fahrzeug; Verkehrsunfall; Haftung
    Umfang: 32 Seiten
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    Erscheint auch als Online-Ausgabe

  12. Competing views on the economic structure of corporate law
    Erschienen: [2022]
    Verlag:  Harvard Law School, Cambridge, MA

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    Auflage/Ausgabe: Last revised June 2022
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1079 (06/2022)
    Schlagworte: Gesellschaftsrecht; USA
    Umfang: 1 Online-Ressource (circa 17 Seiten)
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    This paper can be downloaded without charge from: The Social Science Research Network Electronic Paper Collection:http://ssrn.com/abstract=4115819

    This paper is also Discussion Paper No. 2022-6 of the Harvard Law School Program on Corporate Governance: pcg.law.harvard.edu/working-papers/

  13. Index funds and the future of corporate governance
    theory, evidence, and policy
    Erschienen: December 2019
    Verlag:  National Bureau of Economic Research, Cambridge, MA

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    Schriftenreihe: Working paper series / National Bureau of Economic Research ; 26543
    Schlagworte: Indexderivat; Fondsmanagement; Corporate Governance
    Umfang: 103 Seiten
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    Erscheint auch als Online-Ausgabe

  14. Big three power, and why it matters
    Erschienen: [2022]
    Verlag:  Harvard Law School, Cambridge, MA

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    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1087 (12/2022)
    Schlagworte: index funds; passive investing; institutional investors; ETFs; Big Three; stewardship; engagement; monitoring; shareholder activism; corporate voting; ownership concentration
    Umfang: 1 Online-Ressource (circa 59 Seiten)
  15. Stakeholder capitalism in the time of COVID
    Erschienen: [2022]
    Verlag:  Harvard Law School, Cambridge, MA

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    Auflage/Ausgabe: Last revised December 2022
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1088 (12/2022)
    Schlagworte: stakeholders; stakeholder capitalism; corporate social responsibility; corporate purpose; COVID-19; employees; managerialism; mergers
    Umfang: 1 Online-Ressource (circa 77 Seiten), Illustrationen
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    Forthcoming, Yale Journal of Regulation, Volume 40, 2023

  16. Stakeholder capitalism in the Ttme of COVID: appendix
    Erschienen: [2022]
    Verlag:  Harvard Law School, Cambridge, MA

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    Auflage/Ausgabe: Last revision: December 2022
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1089 (12/2022)
    Schlagworte: stakeholders; stakeholder capitalism; corporate social responsibility; corporate purpose; COVID-19; employees; managerialism; mergers
    Umfang: 1 Online-Ressource (circa 93 Seiten)
  17. The perils and questionable promise of ESG-based compensation
    Erschienen: [2022]
    Verlag:  Harvard Law School, Cambridge, MA

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    Auflage/Ausgabe: Last revised December 2022
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1090 (12/2022)
    Schlagworte: corporate purpose; corporate social responsibility; stakeholders; stakeholder governance; stakeholder capitalism; compensation; corporate governance; ESG
    Umfang: 1 Online-Ressource (circa 47 Seiten)
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    Forthcoming, Journal of Corporation Law, Volume 48, 2022

  18. Continuances and uncertainty in the course of adjudication
    Autor*in: Shavell, Steven
    Erschienen: [2023]
    Verlag:  Harvard Law School, Cambridge, MA

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    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1099 (03/2023)
    Schlagworte: Rechtsprechung; Entscheidung unter Unsicherheit; Gerichtsbarkeit
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  19. An alternative to the basic causal requirement for liability under the negligence rule
    Autor*in: Shavell, Steven
    Erschienen: [2023]
    Verlag:  Harvard Law School, Cambridge, MA

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    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1100 (03/2023)
    Umfang: 1 Online-Ressource (circa 31 Seiten)
  20. Continuances and Uncertainty in the Course of Adjudication
    Autor*in: Shavell, Steven
    Erschienen: March 2023
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    The myriad uncertainties common to the process of adjudication--concerning evidence that opposing parties will present, legal issues that will become relevant, illness of witnesses, and the like--lead to two social problems. First, when unanticipated... mehr

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    The myriad uncertainties common to the process of adjudication--concerning evidence that opposing parties will present, legal issues that will become relevant, illness of witnesses, and the like--lead to two social problems. First, when unanticipated events occur, the information that parties will be able to provide courts may be inadequate. And second, preparation effort invested by parties may be wasted: whereas parties will tend to prepare for numerous possible events in adjudication, many will not come to pass and thus much effort will be for nought. Both of these problems are addressed by the granting of continuances. Inability to present evidence for want of time will be directly remedied by the giving of continuances; and wasted preparation effort will be reduced because the ability to obtain continuances when uncertain events occur will lessen the need to prepare for them. But the use of continuances involves various costs of delay, meaning that the decision to grant continuances should be guided by an economic calculus. That calculus is developed in the theory presented in this article and the actual use of continuances is discussed

     

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    Schriftenreihe: NBER working paper series ; no. w31084
    Schlagworte: Rechtsprechung; Gerichtsbarkeit; Entscheidung unter Unsicherheit; Rechtsprechung; Entscheidung unter Unsicherheit; Gerichtsbarkeit; Information, Knowledge, and Uncertainty; Legal Procedure, the Legal System, and Illegal Behavior; Litigation Process
    Umfang: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers

  21. On the Law of the Household
    The Principles Used by Parents in Disciplining Their Children
    Autor*in: Shavell, Steven
    Erschienen: March 2023
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    In this article I first describe the basic principles that parents employ in disciplining their children. The description is based on a survey of parents, the major results of which are that parental sanctions are premised on wrongdoing--not on the... mehr

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    In this article I first describe the basic principles that parents employ in disciplining their children. The description is based on a survey of parents, the major results of which are that parental sanctions are premised on wrongdoing--not on the mere causation of harm; that parental sanctions tend to be greater when wrongdoing results in harm than when it does not; that parental sanctions for intentionally harmful conduct exceed those for negligence; and that parental sanctions are not raised when the probability that wrongdoing would be discovered is low I then develop a theory to explain the principles of discipline as functional for parents. The kernel of the theory is that the rules of discipline maximize the expected utility of parents--assuming that the utility of parents is reduced by the occurrence of harm and also reflects the well-being of their children After elaborating the theory, I comment on several related issues, including the possible influence of childhood experience on our preferences as adults over legal rules; and I remark on the interpretation of the similarity between the principles of criminal law and those applied by parents in disciplining their children

     

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    Schriftenreihe: NBER working paper series ; no. w31090
    Schlagworte: Eltern; Kinder; Kinderschutz; Rechtsökonomik; Microeconomic Behavior: Underlying Principles; General; Basic Areas of Law; General; Tort Law and Product Liability; Forensic Economics; Criminal Law; Litigation Process
    Umfang: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers

  22. Does enlightened shareholder value add value?
    Erschienen: [2022]
    Verlag:  Harvard Law School, Cambridge, MA

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Auflage/Ausgabe: Last revised May 2022
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1077 (05/2022)
    Schlagworte: Corporate purpose; corporate social responsibility; stakeholders; stakeholder governance; stakeholder capitalism; stakeholderism; corporate constituencies; enlightened shareholder value; corporate governance; short-termism
    Umfang: 1 Online-Ressource (circa 32 Seiten)
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    This paper can also be downloaded without charge from: The Social Science Research Network Electronic Paper Collection: ssrn.com/abstract=4065731

    This paper is also Discussion Paper No. 2022-5 of the Harvard Law School Program on Corporate Governance

  23. Will corporations deliver value to all stakeholders?
    Erschienen: [2022]
    Verlag:  Harvard Law School, Cambridge, MA

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    Auflage/Ausgabe: Last revised May 2022
    Schriftenreihe: Discussion paper / Harvard John M. Olin Center for Law, Economics, and Business ; no. 1078 (05/2022)
    Schlagworte: Corporate purpose; corporate social responsibility; stakeholders; stakeholder governance; stakeholder capitalism; corporate constituencies; corporate governance; Business Roundtable; corporate governance guidelines; proxy statements; shareholder proposals; corporate bylaws
    Umfang: 1 Online-Ressource (circa 60 Seiten)
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    This paper can also be downloaded without charge from: The Social Science Research Network Electronic Paper Collection: papers.ssrn.com/abstract =3899421

    This paper is also Discussion Paper No. 2021-11 of the Harvard Law School Program on Corporate Governance

  24. An Alternative to the Basic Causal Requirement for Liability under the Negligence Rule
    Autor*in: Shavell, Steven
    Erschienen: May 2023
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    The primary causal requirement that must be met for a negligent party to be held liable for a harm is a demonstration that the harm would not have occurred if the party had not been negligent. Thus, for a speeding driver to be found liable for harm... mehr

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    The primary causal requirement that must be met for a negligent party to be held liable for a harm is a demonstration that the harm would not have occurred if the party had not been negligent. Thus, for a speeding driver to be found liable for harm done in a car accident, it must be shown that the accident would not have happened if the driver had obeyed the speed limit. The main point made here is that this basic causal requirement may be difficult to satisfy and hence may interfere with the discouragement of negligence. Therefore, an alternative and usually easier-to-meet causal requirement is proposed--that the harm would not have occurred if the party not been engaged in his activity (if the driver had not been driving)

     

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: NBER working paper series ; no. w31219
    Schlagworte: Haftung; Rechtsökonomik; Basic Areas of Law; Tort Law and Product Liability; Forensic Economics
    Umfang: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers

  25. Do short-term managerial objectives lead to under- or over-investment in long-term projects?
    Erschienen: 1991

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Array ; 98
    Schlagworte: Betriebliche Investitionstheorie; Führungskräfte; Informationsökonomik; Theorie
    Umfang: 15 S