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On The Judicial Interest Rate: A Comparative Law And Economics Perspective, Hugo A. Acciarri, Nuno Garoupa
On The Judicial Interest Rate: A Comparative Law And Economics Perspective, Hugo A. Acciarri, Nuno Garoupa
Hugo Alejandro Acciarri
Although all legal systems use some form of pre-judgment or post-judgment interest, there is no substantive law & economics literature providing for a comprehensive theory on the impact, functioning and assessment of the judicial interest rate. Mainstream legal scholarship has usually dealt with it as having neutral effects on private and social costs. In this paper we show that the issue is theoretically-wise far more complex and it has a definite influence on legal policy. Due to asymmetric opportunity costs for plaintiff and defendant, judicial interest rates may bring about improper delay of proceedings and/or decouple damages from recovery. Both …
Redundancy Of Legal Rules And Efficiency, Hugo A. Acciarri, Fernando Tohme
Redundancy Of Legal Rules And Efficiency, Hugo A. Acciarri, Fernando Tohme
Hugo Alejandro Acciarri
Redundancy of legal rules has bad press. Traditional legal literature usually regards any sort of redundancy as a flaw of legal systems. Scholars on Law and Economics accept, instead, some kinds of regulatory redundancy, but focus more on the redundancy of the sources of regulation (agencies) than on the pure effect of redundant rules whatever their source might be. Hence, the underlying issue remains: even on an efficiency basis, redundancy is primarily perceived as an undesirable feature of the legal system. At first sight, this perception may be deemed sound, since e.g., adding a sentence or a paragraph to any …
La Fórmula De Hand Y El Cheapest Cost Avoider En El Derecho De Daños Argentino, Hugo A. Acciarri, Melisa Romero
La Fórmula De Hand Y El Cheapest Cost Avoider En El Derecho De Daños Argentino, Hugo A. Acciarri, Melisa Romero
Hugo Alejandro Acciarri
A través del análisis de una sentencia de un tribunal argentino se advierte que algunos criterios de decisión típicamente incluidos en el campo del Law & Economics tienen alguna incidencia en la motivación de algunas decisiones de los tribunales argentinos, en la actualidad. A veces, se integran a las decisiones de un modo implícito y de manera intuitiva. Otras, como ocurre en la sentencia objeto de este comentario, de un modo mucho más explícito y central.