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Full-Text Articles in Law and Economics
Anexo: El Desempeño Como Litigante De La Fne Una Mirada Cuantitativa, Diego G. Pardow
Anexo: El Desempeño Como Litigante De La Fne Una Mirada Cuantitativa, Diego G. Pardow
Diego G. Pardow
Technical annex to "El Desempeño como Litigante de la FNE Una Mirada Cuantitativa"
The Chilean Constitutional Court And The 2005 Reform: A Castling Between Career Judges And Academics, Diego G. Pardow
The Chilean Constitutional Court And The 2005 Reform: A Castling Between Career Judges And Academics, Diego G. Pardow
Diego G. Pardow
Using a series of logistic regression analyses, this paper argues that the Chilean Constitutional Court is becoming more active in asserting constitutional rights. Before the reform, the pattern was favoring the incumbent government and deciding the cases by unanimity. After the reform the frequency of dissenting opinions increased, while the level of deference with the government decreased. We also argue, however, that any political analysis should proceed with caution. Career judges dominated the pre-reform Court, whereas justices coming from an academic environment were the ones filling those positions after the reform. Interestingly, Chilean judges have a long-standing reputation of being …
La Experiencia Chilena Disuadiendo Ilícitos Corporativos, Diego G. Pardow
La Experiencia Chilena Disuadiendo Ilícitos Corporativos, Diego G. Pardow
Diego G. Pardow
This paper analyzes the investigations on potential misconducts conducted by the Chilean public enforcer (Superintendencia de Valores y Seguros, “SVS”) between 1990 and 2012. The evidence reveals two groups of problems: on the one hand, the SVS has leaved a substantial region of the market unmonitored; on the other hand, the level of specific deterrence is generally low and relies greatly on indirect mechanisms of punishment. Such results suggest that future reforms should facili- tate private enforcement on both the extensive and the intensive margin. Whereas improving the performance of the SVS on the extensive margin should mitigate its monitoring …
What Should We Expect From The Dodd-Frank Bounty Program?, Diego G. Pardow
What Should We Expect From The Dodd-Frank Bounty Program?, Diego G. Pardow
Diego G. Pardow
Among other changes, the Dodd–Frank bounty program substantially increases the size of the rewards. The supporters argue that the program should encourage more players to step in, whereas the critics claim that it would only increase less reliable whistleblowers. This note describes the economic reasoning behind the dispute, attempting to build a reasonable expectation in light of the available empirical data. Although most of the evidence from previous bounty programs sides with the supporter’s theory, it has to be considered that the quantity and quality of whistleblower reporting are not the only relevant factors. Whistleblowers play a key role diversifying …
The Economic Theory Of Derivative Actions, Diego G. Pardow
The Economic Theory Of Derivative Actions, Diego G. Pardow
Diego G. Pardow
This paper offers a model to formalize the economic theory of derivative actions developed during the last 30 years. From this perspective, the derivative action presents two interrelated problems. The first is how to solve the collective action problem that prevents that minority shareholders file a suit. The second is how to control the risk of collusive settlements between the defendant manager and the plaintiff’s attorney. This model identifies the fundamental tradeoffs that are implicit in these problems, as well as an optimum that could be used as normative benchmark. In brief, it argues that if the goal of derivative …
La Desgracia De Lo Ajeno, Diego G. Pardow
Fiscalizacion Y Transparencia En Las Empresas Del Estado, Diego G. Pardow, Rodrigo Vallejo
Fiscalizacion Y Transparencia En Las Empresas Del Estado, Diego G. Pardow, Rodrigo Vallejo
Diego G. Pardow
This note is a comment on Chilean precedents about the political mechanisms to control state-owned enterprises.
La Parabola Del Administrador Infiel, Diego G. Pardow
La Parabola Del Administrador Infiel, Diego G. Pardow
Diego G. Pardow
No abstract provided.