We present a new model of money management, in which investors delegate portfolio management to professionals based not only on performance, but also on trust. Trust in the manager reduces an investor's perception of the ...
Behrer, A. Patrick; Glaeser, Edward L. (Edward Ludwig), 1967-; Ponzetto, Giacomo A. M.; Shleifer, Andrei(2019-09-01)
A central challenge in securing property rights is the subversion of justice through legal skill, bribery, or physical force by the strong the state or its powerful citizens against the weak.We present evidence that undue ...
Behrer, A. Patrick; Glaeser, Edward L. (Edward Ludwig), 1967-; Ponzetto, Giacomo A. M.; Shleifer, Andrei(University of Chicago Press, 2021)
A central challenge in securing property rights is the subversion of justice. We present a model of a polluter whose discharges harm multiple owners, and we compare property rules, liability rules, and regulation on ...
