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The Universal Statement for Human Rights is a document written by United Nations half a century ago. The beginning of 21st Century is a perfect moment for promoting the contents of this Statement, with its universal long...

Our theory of costly contracts emphasizes that contractual rights can be of two types: specific rights and residual rights. When it is costly to list all specific rights over assets in the contract, it may be optimal to ...

We develop a model in which the elasticity of credit to exogenous shocks depends on creditor rights regulations. We show that an increase in creditor protection reduces the elasticity of credit supply to exogenous shocks...

In the context of what is generally referred to as a globalizing world, we have become accustomed to speak of new forms of multilevel governance. The paradigmatic shift from government to governance signals the presumabl...