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Economics

Selected Works

Gillian K Hadfield

Institutions

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Full-Text Articles in Law

Constitutions As Coordinating Devices, Gillian K. Hadfield, Barry R. Weingast Dec 2013

Constitutions As Coordinating Devices, Gillian K. Hadfield, Barry R. Weingast

Gillian K Hadfield

Why do successful constitutions have the attributes characteristically associated with the rule of law? Why do constitutions involve public reasoning? And, how is such a system sustained as an equilibrium? In this paper, we adapt the framework in our previous work on “what is law?” to the problem of constitutions and their enforcement (see Hadfield and Weingast 2012, 2013a,b). We present an account of constitutional law characterized by two features: a system of distinctive reasoning and process that is grounded in economic and political functionality; and a set of legal attributes such as generality, stability, publicity, clarity, non-contradictoriness, and consistency. …


The Levers Of Legal Design: Institutional Determinants Of The Quality Of Law, Gillian K. Hadfield Dec 2007

The Levers Of Legal Design: Institutional Determinants Of The Quality Of Law, Gillian K. Hadfield

Gillian K Hadfield

In the past decade a comparative law and economics literature has emerged that is largely organized around an effort to explain differences in country economic performance in terms of differences between common law and civil code systems. Assumptions about differences between common law and civil code regimes and the correspondence between legal regimes and judicial behavior are, however, still only weakly based in real institutional features of modern legal systems. In this paper, I examine the institutional determinants of the quality of law developed by a legal regime, drawing on a model from Hadfield (2006) which identifies five key parameters …