We conduct three experiments to examine the implications of corporate apologies on investors' reactions to allegations of financial misconduct. In Experiment 1, we manipulate whether the firm apologizes or denies the misconduct. Additionally, we manipulate how the firm apologizes for (denies) the misconduct by comparing "basic" response strategies ...
This article examines aspirational laws in a randomized field experiment. We analyze the impact of an unenforced public smoking ban on individual behavior and attitudes. The findings indicate that aspirational laws, like public smoking bans, can make rights holders sensitive to behavior that violates their rights, irrespective of the material conse...
The article assesses the legitimacy of criminalizing drugs on the basis of relevant liberty-limiting principles. Where appropriate, empirical findings about drugs, drug use and drug policies are used to make the assessment. John Stuart Mill's harm principle is the pivotal element of this exploration and Joel Feinberg's framework of the moral limits...
At the turn of the millennium, the Court of Justice of the European Union created and has subsequently developed the so-called "ex officio doctrine" in consumer law cases. Although the Unfair Contract Terms Directive was initially and remains the main focus of the Court's efforts, it has become clear that other instruments of substantive consumer l...
The genesis of MiFID I initiated a fierce scholarly debate on the following question: does MiFID dictate private enforceability of the rules embedded in the directive? More specifically, under a general reference to the effet utile doctrine, certain authors have argued that MiFID requires member states to provide private law remedies for infringeme...
The research described in this paper was designed to identify the factors that influence the importance small-scale farmers place on different marketing channels of short food supply chains. The focus concerns two entirely different types of market that are present in the bigger cities in Hungary: ‘conventional’ markets where there are no restricti...