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Center for Law & Economics

The Center for Law & Economics at ETH Zurich is part of the Department of Humanities, Social and Political Sciences. The Center brings together two professorships (Stefan Bechtold and Gerard Hertig) and includes a diverse set of postdocs, PhD students and research assistants. It focuses on various areas of law & economics, including corporate governance, banking regulation, intellectual property and innovation policy as well as the law of emerging technologies. Together with various Swiss university partners, the Center co-organizes regular Workshop & Lecture Series on law & economics, law & finance, and the law & economics of innovation. All three series bring leading internationally well-known experts from all over the world to Zurich on a regular basis. The Center collaborates with leading academic institutions in Asia, Europe and the U.S., in particular through joint research projects, conferences and teaching activities.

News

19.05.2017

Workshop & Lecture Series in Law & Economics: Presentations by Wolfgang Pesendorfer (Princeton)

On Tuesday, May 23, and Wednesday, May 24, we'll have Prof. Wolfgang Pesendorfer (Princeton) as guest. His Tuesday presentation on "Random Evolving Lotteries and Intrinsic Preference for Information" starts at 16:15 in the University of Zurich room KO2 F 172. The Wednesday presentation on "Updating Ambiguous Beliefs" starts at 16:15 in the ETH Zurich room IFW A 32.1. All presentations are open to the public, so see you there! Read more 

12.05.2017

Workshop & Lecture Series in Law & Economics: Presentations by Merritt Fox (Columbia)

On Tuesday, May 16, and Wednesday, May 17, we'll have Prof. Merritt Fox (Columbia) as guest. His Tuesday presentation on "The New Stock Market: Sense and Nonsense" starts at 16:15 in the University of Zurich room KO2 F 172. The Wednesday presentation on "Informed Trading and Its Regulation" starts at 16:15 in the ETH Zurich room IFW A 32.1. All presentations are open to the public, so see you there! Read more 

05.05.2017

Panel discussion on "Internet and Trust"

A secure and reliable internet generates trust. Just how the internet creates trust is a matter for debate between ETH computer scientists and social scientists. On Tuesday, May 9, Stefan Bechtold, Adrian Perrig, Timothy Roscoe and other experts will take part in a panel discussion on the "Internet and Trust". The discussion starts at 17:30 at the ETH Zurich Main Building, Semper Aula (HG G60). Read more 

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Publications

Chen, Daniel L., and Martin Schonger. 2016. A Theory of Experiments: Invariance of Equilibrium to the Strategy Method of Elicitation and Implications for Social Preferences. TSE Working Paper 16-724.
Chen, Daniel L., and Martin Schonger. 2016. Social preferences or sacred values? Theory and evidence of deontological motivations. TSE Working Paper 16-714.
Croci, Ettore, Gerard Hertig, and Eric Nowak. 2016. Decision-making during the credit crisis: Did the Treasury let commercial banks fail? Journal of Empirical Finance 38.Part A: 476-497.
Frankenreiter, Jens. 2016. Are Advocates General Political? Policy Preferences of EU Member State Governments and the Voting Behavior of Members of the European Court of Justice. Social Science Research Network (SSRN)
Bechtold, Stefan. 2016. 3D Printing, Intellectual Property and Innovation Policy. IIC: International Review of Intellectual Property and Competition Law 47.5: 517-536.
Günster, Andrea, and Mathijs van Dijk. 2016. The Impact of European Antitrust Policy: Evidence from the Stock Market. International Review of Law and Economics 46: 20-33.
Karle, Heiko, Heiner Schumacher, and Christian Straat. 2016. Signaling quality with increased incentives. European Economic Review 85: 8-21.
Frankenreiter, Jens. 2016. Informal Judicial Hierarchies: Case Assignment and Chamber Composition at the European Court of Justice. Social Science Research Network (SSRN)
Frankenreiter, Jens. 2016. The Politics of Citations at the ECJ: Policy Preferences of EU Member State Governments and the Citation Behavior of Members of the European Court of Justice. Social Science Research Network (SSRN)
Chen, Daniel L., Martin Schonger, and Chris Wickens. 2016. oTree—An open-source platform for laboratory, online, and field experiments. Journal of Behavioral and Experimental Finance 9: 88-97.
Bechtold, Stefan, Christopher Buccafusco, and Christopher J. Sprigman. 2016. Innovation Heuristics: Experiments on Sequential Creativity in Intellectual Property. Indiana Law Journal 91.4: 1251-1307.
Bechtold, Stefan. 2016. Directive 2001/29/EC of the European Parliament and of the Council of 22 May 2001 on the Harmonisation of Certain Aspects of Copyright and Related Rights in the Information Society. In Concise European Copyright Law, edited by Thomas Dreier and P. Bernt Hugenholtz, 421-490. Alphen aan den Rijn: Kluwer Law International.
Frankenreiter, Jens. 2016. Judges, politics, and the law: Empirical Studies on Judge Behavior, with a Focus on the European Court of Justice. Diss., Zürich, ETH Zürich.
Gertsch, Gabriel. 2015. Die Kontrolle der Nachrichtendienste aus verfassungsrechtlicher Sicht - am Beispiel der Schweiz. Paper presented at the 55. Assistententagung Öffentliches Recht: Tagung der Wissenschaftlichen Mitarbeiterinnen und Mitarbeiter, Wissenschaftlicher Assistentinnen und Assistenten, Augsburg, Germany, March 3-6.
Hertig, Gérard. 2016. Governance by Institutional Investors in a Stakeholder World. In The Oxford Handbook of Corporate Law and Governance, edited by Jeffrey N. Gordon and Wolf-Georg Ringe. Oxford: Oxford University Press.
Karle, Heiko, and Martin Peitz. 2016. De-Targeting: Advertising an Assortment of Products to Loss-Averse Consumers. CEPR Discussion Papers
Bechtold, Stefan. 2015. 3D Printing and the Intellectual Property System. Economic Research Working Paper 28.
Amaral-Garcia, Sofia, Paola Bertoli, and Veronica Grembi. 2015. Does Experience Rating Improve Obstetric Practices? Evidence from Italy. Health Economics 24.9: 1050-1064.
Günster, Andrea, and Stephen Martin. 2015. A Holy Alliance: Collusion in the Renaissance Europe Alum Market. Review of Industrial Organization 47.1: 1-23.
Chen, Daniel Li, Martin Schonger, and Chris Wickens. 2015. oTree - An Open-Source Platform for Laboratory, Online, and Field Experiments. MPRA Paper 62730.
Amaral-García, Sofía. 2015. Daño Moral Derivado de Lesiones. In El Daño Moral y su Cuantificación, edited by Fernando Gomez Pomar and Ignacio Marín García, 393-433. Barcelona: Bosch.
Bechtold, Stefan. 2015. Urheber- und Markenrecht im digitalen Zeitalter. Zeitschrift für Schweizerisches Recht 134 II: 73-122.
Darling, Kate. 2015. Occupy Copyright: A Law & Economic Analysis of U.S. Author Termination Rights. Buffalo Law Review 63.1: 147-206.
Enriques, Luca, and Gérard Hertig. 2015. Shadow Resolutions as a no-no in a Sound Banking Union. In Financial Regulation. A Transatlantic Perspective, edited by Ester Faia, Andreas Hackethal, Michael Haliassos and Katja Langenbucher, 150-166. Cambridge: Cambridge University Press.
Glöckner, Andreas, Stephan Tontrup, and Stefan Bechtold. 2015. Disentangling Psychological Sources of Overpricing in Anticommons Dilemmas: Strategic Incentives, Endowment Effects, and Interdependence of Outcomes. Journal of Behavioral Decision Making 28.3: 224-238.
Hergueux, Jérôme, and Jacquemet Nicolas. 2015. Social Preferences in the Online Laboratory: A Randomized Experiment. Experimental Economics 18.2: 251-283.
Karle, Heiko, Georg Kirchsteiger, and Martin Peitz. 2015. Loss Aversion and Consumption Choice: Theory and Experimental Evidence. American Economic Journal: Microeconomics 7.2: 101-120.
Pappas, Christos, Katerina Argyraki, Stefan Bechtold, and Adrian Perrig. 2015. Transparency Instead of Neutrality. Paper presented at the 14th ACM Workshop on Hot Topics in Networks, Philadelphia, PA, USA, November 16-17.
Schneider, Florian, and Martin Schonger. 2015. Allais at the Horse Race: Testing Models of Ambiguity Aversion. Working Paper Series 207.
Bechtold, Stefan, and Catherine Tucker. 2014. Trademarks, Triggers, and Online Search. Journal of empirical legal studies 11.4: 718-750.
Canidio, Andrea, and Heiko Karle. 2014. The Structure of Negotiations: Incomplete Agreements and the Focusing Effect. SSRN
Darling, Kate. 2014. IP without IP? A Study of the Online Adult Entertainment Industry. Stanford technology law review 17.3: 709-771.
Bechtold, Stefan, and Adrian Perrig. 2014. Accountability in Future Internet Architectures. Communications of the ACM 57.9: 21-23.
Bechtold, Stefan. 2014. Engpassbasierte Nutzerfinanzierung und Infrastrukturinvestitionen in Netzsektoren. Gutachten des Wissenschaftlichen Beirats beim Bundesministerium für Wirtschaft und Energie.
Herweg, Fabian, Heiko Karle, and Daniel Müller. 2014. Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion. CEPR Discussion Paper 9874.
Karle, Heiko, and Martin Peitz. 2014. Competition under consumer loss aversion. The Rand journal of economics 45.1: 1-31.
Amaral-Garcia, Sofia, and Veronica Grembi. 2014. Curb your premium: The impact of monitoring malpractice claims. Health policy 114.2–3: 139-146.
Bechtold, Stefan, and Catherine Tucker. 2014. Trademarks, Triggers, and Online Search. Social Science Research Network Working Paper Series (SSRN)
Bechtold, Stefan. 2014. Physicians as User Innovators. In Intellectual property at the edge : the contested contours of IP, edited by Rochelle Cooper Dreyfuss and Jane C. Ginsburg, 343-357. Cambridge: Cambridge University Press.
Bechtold, Stefan. 2014. The Fashion of TV Show Formats. In Entertainment, Publishing and the Arts Handbook, 455-516. New York, NY: Clark Boardman Callaghan.
Bechtold, Stefan. 2013. Information, Ideology, and Behavioral Public Policy Comment. Journal of Institutional and Theoretical Economics 169.1: 79-85.
Karle, Heiko. 2013. Creating Attachment through Advertising: Loss Aversion and Pre-Purchase Information. Economics working paper series 13/177.
Bechtold, Stefan. 2013. Law and Economics of Copyright and Trademark on the Internet. In The New Palgrave Dictionary of Economics, Online Edition, 1-14. Palgrave Macmillan.
Bechtold, Stefan. 2013. The Fashion of TV Show Formats. Michigan State Law Review 2013: 451-512.
Wissenschaftlicher Beirat beim Bundesministerium für Wirtschaft und Energie, . 2013. Evaluierung wirtschaftspolitischer Fördermaßnahmen als Element einer evidenzbasierten Wirtschaftspolitik. Gutachten des Wissenschaftlichen Beirats beim Bundesministerium für Wirtschaft und Energie
Hertig, Gerard. 2012. Governments as Investors of Last Resort: Credit Crisis Comparative Case Studies. Theoretical inquiries in law 13.2: 385-415.
Bechtold, Stefan. 2012. The Fashion of TV Show Formats. SSRN Working Paper
Darling, Kate. 2012. Contracting About the Future: Copyright and New Media. Northwestern journal of technology and intellectual property 10.7: 485-530.
Hertig, Gerard. 2012. Central Bank Governance. Swiss Review of Business and Financial Market Law 6: 486-493.
Hertig, Gerard. 2012. Post-Financial Crisis Trading and Clearing Reforms in the EU: A Story of Interest Groups with Magnified Voice. In Financial regulation and supervision : a post-crisis analysis, edited by Eddy Wymeersch, Klaus J. Hopt and Guido Ferrarini, 321-336. Oxford: Oxford University Press.
Pamini, Paolo, and Luca Poggioli. 2011. La Svizzera prenderà due piccioni con una fava?: L’abolizione della tassa di negoziazione svizzera e l’introduzione di una Financial Transaction Tax europea. SUPSI 2011.12: 2-9.
Enriques, Luca, and Gerard Hertig. 2011. Improving the Governance of Financial Supervisors. European business organization law review : EBOR 12.3: 357-378.
Bechtold, Stefan, and Felix Höffler. 2011. An Economic Analysis of Trade-Secret Protection in Buyer-Seller Relationships. The journal of law, economics, and organization 27.1: 137-158.
. 2011. Recht, Ordnung und Wettbewerb: Festschrift zum 70. Geburtstag von Wernhard Möschel. Baden-Baden: Nomos.
Bechtold, Stefan. 2011. Law and Technology Google AdWords and European Trademark Law. Communications of the ACM 54.1: 30-32.
Bechtold, Stefan. 2011. Perspektiven eines Markenrechts jenseits von Informationsasymmetrien. In Recht, Ordnung und Wettbewerb : Festschrift zum 70. Geburtstag von Wernhard Möschel, edited by Stefan Bechtold, Joachim Jickeli and Mathias Rohe, 993-1003. Baden-Baden: Nomos.
Günster, Andrea. 2011. European Commission Decisions on Competition: Economic Perspectives on Landmark Antitrust and Merger Case. Cambridge: Cambridge Univ. Press.
Hergueux, Jérôme. 2011. How does Religion Bias the Allocation of Foreign Direct investment?: The Role of Institutions. International Economics 128: 53-76.
Hertig, Gerard. 2011. Trading and Clearing Reforms in the EU: A Story of Interest Groups with Magnified Voice. Zeitschrift fuer Bankrecht und Bankwirtschaft 2011.5: 329-337.
Karle, Heiko, Tobias Klein, and Konrad Stahl. 2011. Ownership and Control in Differentiated Product Markets. CEPR Discussion Paper 8277.
Maillart, T., D. Sornette, S. Frei, T. Duebendorfer, and A. Saichev. 2011. Quantification of deviations from rationality with heavy tails in human dynamics. Physical review. E, Statistical, nonlinear, and soft matter physics 83.5: 056101.
Hertig, Gerard, Ruben Lee, and Joseph A. McCahery. 2010. Empowering the ECB to Supervise Banks: A Choice-Based Approach. European company and financial law review 7.2: 171-215.
Bechtold, Stefan. 2010. Optionsmodelle und private Rechtsetzung im Urheberrecht am Beispiel von Google Book Search. Gewerblicher Rechtsschutz und Urheberrecht 112.4: 282-289.
Hertig, Gerard. 2010. Comparative Law and Finance: Past, Present, and Future Research. Journal of institutional and theoretical economics 166.1: 145-148.
Bechtold, Stefan. 2010. A "közgazdaságiasabb megközelítés" a szellemi tulajdonra vonatkozó európai jogban. Jogtudományi közlöny 2010: 515-520.
Bechtold, Stefan. 2010. Der "more economic approach" im Immaterialgüterrecht. In 50 Jahre Wettbewerbsgesetz in Deutschland und in Europa, edited by Wernhard Möschel, 93-102. Baden-Baden: Nomos.
Bechtold, Stefan. 2010. Die Grenzen zwingenden Vertragsrechts: Ein rechtsökonomischer Beitrag zu einer Rechtsetzungslehre des Privatrechts. Tübingen: Mohr Siebeck.
Bechtold, Stefan. 2010. Google Book search: A rich field for scholarship. IIC 41.3: 251-252.
Carree, Martin, Andrea Günster, and Maarten Pieter Schinkel. 2010. European Antitrust Policy 1957-2004: An Analysis of Commission Decisions. Review of industrial organization 36.2: 97-131.
Hertig, Gerard, Ruben Lee, and Joseph A. McCahery. 2010. Empowering the ECB to Supervise Banks: A Choice-Based Approach. DSF Policy Paper Series 3: 1-36.
Hertig, Gerard. 2010. MIFID and the Return of Concentration Rules. In Festschrift für Klaus J. Hopt zum 70. Geburtstag am 24. August 2010 : Unternehmen, Markt und Verantwortung, edited by Stefan Grundmann, Brigitte Haar, Hanno Merkt, Peter O. Mülbert, Marina Wellenhofer, Harald Baum, Jan von Hein, Thomas von Hippel, Katharina Pistor, Markus Roth and Heike Schweitzer, 1989-2000. Berlin: De Gruyter.
Russo, Francesco, Maarten Pieter Schinkel, Andrea Günster, and Martin Carree. 2010. European Commission decisions on competition: Economic perspectives on landmark antitrust and merger cases. Cambridge: Cambridge University Press.
Armour, John, Gérard Hertig, and Hideki Kanda. 2009. Transactions with Creditors. In The anatomy of corporate law : a comparative and functional approach, edited by Reinier H. Kraakman, John Armour, Paul Davies, Luca Enriques, Henry B. Hansmann, Gerard Hertig, Klaus J. Hopt, Hideki Kanda and Edward B. Rock, 115-151. Oxford: Oxford University Press.
Enriques, Luca, Gérard Hertig, and Hideki Kanda. 2009. Related-Party Transactions. In The anatomy of corporate law : a comparative and functional approach, edited by Reinier H. Kraakman, John Armour, Paul Davies, Luca Enriques, Henry B. Hansmann, Gerard Hertig, Klaus J. Hopt, Hideki Kanda and Edward B. Rock, 153-182. Oxford: Oxford University Press.
Hertig, Gérard, Paul Davies, Luca Enriques, Klaus Hopt, and Reinier Kraakman. 2009. Beyond the Anatomy. In The anatomy of corporate law : a comparative and functional approach, edited by Reinier H. Kraakman, John Armour, Paul Davies, Luca Enriques, Henry B. Hansmann, Gerard Hertig, Klaus J. Hopt, Hideki Kanda and Edward B. Rock, 305-315. Oxford: Oxford University Press.
Hertig, Gérard, Reinier Kraakman, and Edward Rock. 2009. Issuers and Investor Protection. In The anatomy of corporate law : a comparative and functional approach, edited by Reinier H. Kraakman, John Armour, Paul Davies, Luca Enriques, Henry B. Hansmann, Gerard Hertig, Klaus J. Hopt, Hideki Kanda and Edward B. Rock, 275-304. Oxford: Oxford University Press.
Kraakman, Reinier H., Armour John, Paul Davies, Luca Enriques, Henry B. Hansmann, Gérard Hertig, Klaus J. Hopt, Hideki Kanda, and Edward B. Rock. 2009. The anatomy of corporate law: A comparative and functional approach. Oxford: Oxford University Press.
Bechtold, Stefan. 2008. Digital Rights Management und der Umgehungsschutz. In Digitale Rechteverwaltung: Eine gelungene Allianz von Recht und Technik?, edited by Alexander Roßnagel, 59-70. Baden-Baden: Nomos.
Bechtold, Stefan. 2008. Zur rechtsökonomischen Analyse im Immaterialgüterrecht. Gewerblicher Rechtsschutz und Urheberrecht - Internationaler Teil 57.6: 484-488.
Hens, Thorsten, and Paolo Pamini. 2008. Grundzüge der analytischen Mikroökonomie. Berlin: Springer.
Hertig, Gerard, and Joseph A. McCahery. 2007. Legal Options: Towards Better EC Company Law Regulation. In Better Regulation, edited by Stephen Weatherill, 219-245. Oxford: Hart Publishing.
Hertig, Gerard, and Joseph A. McCahery. 2006. Optional rather than Mandatory EU Company Law: Framework and Specific Proposals. European company and financial law review 3.4: 341-362.
Hertig, Gerard, and McCahery Joseph A. 2006. Can France Serve as an Inspiration for EU Law on Managerial Self-Dealing? Revue trimestrielle de droit financier 2006.1: 48-50.
Hertig, Gerard, and McCahery Joseph A. 2006. Company and Takeover Law Reforms in Europe: Misguided Harmonization Efforts or Regulatory Competition? In After Enron : improving corporate law and modernising securities regulation in Europe and the US, edited by John Armour and Joseph A. McCahery, 545-574. Oxford: Hart.
Hertig, Gerard, and Joseph A. McCahery. 2006. A legal option approach the EC company law. In Investor protection in Europe : corporate law making, the MiFID and beyond, edited by Guido Ferrarini, Eddy Wymeersch and Gerard Hertig, 119-142. Oxford: Oxford University Press.
Hertig, Gerard. 2006. Basel II and fostering the disclosure of banks\' internal credit ratings. European business organization law review 7.3: 625-646.
Hertig, Gerard. 2006. Codetermination as a (Partial) Substitute for Mandatory Disclosure? European business organization law review 7.1: 123-130.

For a complete list of all publications, please click here

Events

8 September 2017 - 9 September 2017, Congress

Zurich IP Retreat 2017

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20 September 2017, Workshop

Workshop and Lecture Series on the Law & Economics of Innovation (Krishna Gummadi, Max Planck Institute for Software Systems)

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26 September 2017, Lecture

Workshop and Lecture Series in Law & Finance (Ester Faia, Frankfurt) - Global Banks

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27 September 2017, Workshop

Workshop and Lecture Series in Law & Finance (Ester Faia, Frankfurt)

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3 October 2017, Lecture

Workshop and Lecture Series on the Law & Economics of Innovation (Stephen Haber, Stanford)

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Collaboration

 
 
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