Law Commons^™

Enfoques Teóricos De Las Reglas Por Defecto En El Derecho De Contratos: Complementariedades, Coincidencias Y Contradicciones, Daniel Monroy

Daniel A Monroy C

El artículo muestra una lectura crítica en lo que respecta a la noción, las funciones y el diseño de las reglas por defecto en el derecho de contratos a partir de tres enfoques teóricos a saber: la perspectiva jurídica tradicional; la visión del Análisis Económico del Derecho (AED) en su versión clásica y; el enfoque del denominado behavioral law and economics (BL&E). El documento destaca con particular atención que en lo correspondiente a la noción y las funciones de las reglas por defecto en el derecho de contratos, existe un alto nivel de coherencia entre la perspectiva jurídica tradicional por …

Perfecting Criminal Markets, David Jaros

All Faculty Scholarship

From illicit drugs to human smuggling to prostitution, legislators may actually be perfecting the very criminal markets they seek to destroy. Criminal laws often create new dangers and new criminal opportunities. Criminalizing drugs creates the opportunity to sell fake drugs. Raising the penalties for illegal immigration increases the risk that smugglers will rely on dangerous methods that can injure or kill their human cargo. Banning prostitution increases the underground spread of sexually transmitted disease. Lawmakers traditionally respond to these “second order” problems in predictable fashion — with a new wave of criminalization that imposes additional penalties on fake drug dealers, …

El Incumplimiento Eficiente: ¿Es Justo Y Necesario?, Renzo E. Saavedra Velazco

Renzo E. Saavedra Velazco

Se compartió la mesa con el profesor Rubén Mendez, en la presentación se debatió acerca de cómo los presupuestos básicos del incumplimiento eficiente no pueden presentarse en la realidad. En síntesis, se conversó sobre los obstáculos jurídicos y económicos que enfrenta esta figura del AED.

El Homo Economicus Y La Libertad De Contratación, Renzo E. Saavedra Velazco

Renzo E. Saavedra Velazco

Se compartió la mesa con el profesor Juan José Martínez, en la presentación se debatió acerco del rol que cumple el presupuesto de racionalidad en el modelo standard del análisis económico del Derecho y las acotaciones del Behavioral Law and Economics.

Si Algo Puede Salir Mal... Saldrá Mal (Y En El Peor Momento Posible): Una Rápida Revisión Ius-Económica A La Imposibilidad Contractual, Renzo E. Saavedra Velazco

Renzo E. Saavedra Velazco

En la presente nota se desea subrayar algunas características económicas y jurídicas de figuras que sirven como justificación para el incumplimiento contractual, tales como la imposibilidad y la excesiva onerosidad.

Caremark's Irrelevance, Mercer E. Bullard

Mercer E Bullard

In re Caremark Int’l Inc. Derivative Litig. is commonly held out as the iconic corporate law case on liability for a failure of legal compliance, but the true source of corporate law as to legal compliance is the higher standard established by other sources of law. The expected cost of liability, both criminal and civil, for violations of federal healthcare regulations, for example, is a far stronger determinant of corporate compliance systems than potential liability under Caremark. Other areas of industry-specific regulation, such as for financial services, telecommunications and energy, similarly play a greater role than state corporate law in …

La Calidad De Los Productos En El Marco Del Estatuto Del Consumidor En Colombia: Aproximación Crítica Desde La Teoría Microeconómica., Daniel Monroy

Daniel A Monroy C

El presente escrito presenta una aproximación crítica al Estatuto del Consumidor en Colombia (Ley 1480 de 2011), específicamente en lo relacionado con la definición y la aplicación del término “calidad” de los productos especificado en la misma norma, haciendo uso para los efectos de algunas premisas y criterios normativos deducibles de la teoría microeconómica. El documento demuestra que, si bien en varios aspectos, la aproximación jurídica que se le da a la noción de “calidad” se alinea adecuadamente con ciertos criterios deducibles de la teoría económica, en otros aspectos entra en contradicción con la misma, particularmente por el hecho que …

Principio De Solidaridad, Acciones Populares Y Derechos Colectivos En Colombia: Aproximaciones Críticas A La Sentencia C-630 Del 2011 De La Corte Constitucional, Daniel Monroy

Daniel A Monroy C

ABSTRACT

This article presents a serious rapprochement to the arguments that the Constitutional Court put forward in the judgment C- 630 of 2011. The main objective of this article is to prove the weakness of the arguments, especially on those that are supported in the constitution´s principle of solidarity and those that derive in “duties’s consideration. This article beginning with some critiques to the class actions rights and it protection´s mechanism, bases in economic analysis. Afterward, base in the general description that the court have establish in the principle of solidarity, this article explain the different way how the court …

Fomentando Más Visitas A La Catedral: El Aporte De Calabresi En El Debate Sobre Titularidades Y Nuevos Caminos, Renzo E. Saavedra Velazco

Renzo E. Saavedra Velazco

En la presente nota procuro exponer algunos de los principales méritos de la propuesta efectuada por Guido Calabresi y Douglas Melamed en 1972. Tal esfuerzo se inserta en un reconocimiento al impacto que tal teoría tuvo para la comprensión de los sistemas jurídicos, relevancia que merece ser subrayada y revisitada sobre todo cuando, como sucede en estas fechas, se cumplen cuarenta años desde su divulgación.

Happiness And Punishment, Jonathan S. Masur, Christopher Buccafusco, John Bronsteen

John Bronsteen

This article continues our project to apply groundbreaking new literature on the behavioral psychology of human happiness to some of the most deeply analyzed questions in law. Here we explain that the new psychological understandings of happiness interact in startling ways with the leading theories of criminal punishment. Punishment theorists, both retributivist and utilitarian, have failed to account for human beings' ability to adapt to changed circumstances, including fines and (surprisingly) imprisonment. At the same time, these theorists have largely ignored the severe hedonic losses brought about by the post-prison social and economic deprivations (unemployment, divorce, and disease) caused by …

Property Rights Legislation In Agricultural Biotechnology: United States And Argentina, Andres A. Gallo, Jay P. Kesan

Andres A. Gallo

The market for biotechnology products has expanded rapidly in the 1990s and is expected to give impulse to radical changes in agriculture around the world. Investment in research and development (R&D) of new seed varieties has become a key factor for agriculture development. In the last decades, the investment in R&D has switched from state sponsored research to private funding. At the same time, the market has moved towards a strong concentration in a few multinational firms, which now control most of the agricultural biotechnology R&D around the world. One of the most important issues regarding ag-biotechnology is the legal …

Pondering The Politics Of Private Procedures: The Case Of Icann, Andres A. Gallo, Jay P. Kesan

Andres A. Gallo

The creation of ICANN was sought by the United States government to promote international cooperation in the governance of the Internet based on a bottom-up system in which government intervention was limited, if not eliminated. However, as the Internet has become a global phenomenon, this initiative has faced increasing opposition from the international community. As we have shown in this article, the evolution of ICANN reveals how it slowly departed from its mere technical role into a more political one, in which all groups and constituencies try to impose their preferences. During the reform movement initiated from inside ICANN, different …

Programa Análisis Económico Del Derecho - Estudiantes De Derecho, Daniel Monroy

Daniel A Monroy C

La economía y particularmente la microeconomía ha abandonado la concepción de estudio de tratarse del simple movimiento del dinero, en las últimas décadas ha tomado una fuerza y ha aportado herramientas de análisis prácticamente para cualquier área del conocimiento, el derecho no ha sido la excepción en este movimiento y por tanto, cada vez son más los artículos y textos en general que parten del razonamiento microeconómico para analizar el porqué y el cómo de las instituciones legales, de ahí la importancia del presente curso, en el cual se pretende principalmente lograr los siguientes,

OBJETIVOS DEL CURSO

Perfeccionar la habilidad …

La Comercialización De Cigarrillos En Colombia Y El “Problema Del Autocontrol”: La Restricción De Venta Al Menudeo, Daniel Monroy

Daniel A Monroy C

La “Teoría de la Adicción Racional” y el denominado “Modelo de Inconsistencia Temporal de la Adicción” son los enfoques teóricos dominantes en la economía que tratan de explicar la dinámica del consumo de cigarrillo entendido este como un producto que genera adicción. Aunque la estructura de estos dos enfoques son ciertamente similares, las implicaciones de utilizar uno u otro modelo son bien diferentes, particularmente en lo relativo al criterio normativo relativo a la intervención del Estado respecto de la conducta individual en el mercado. El artículo se concentra en el segundo enfoque indicado, particularmente en el denominado “problema de autocontrol” …

Outsourcing Regulation: How Insurance Reduces Moral Hazard, Kyle D. Logue, Omri Ben-Shahar

Law & Economics Working Papers

This article explores the potential value of insurance as a substitute for government regulation of safety. Successful regulation of behavior requires information in setting standards, licensing conduct, verifying outcomes, and assessing remedies. In some areas, the private insurance sector has technological advantages in collecting and administering the information relevant to setting standards, and could outperform the government in creating incentives for optimal behavior. The paper explores several areas in which regulation and other government-oriented forms of control are replaced by private insurance schemes. The role of the law diminishes to the administration of simple rules of absolute liability or of …

Rlt: A Preliminary Examination Of Religious Legal Theory As A Movement, Samuel J. Levine

Samuel J. Levine

No abstract provided.

Direct (Anti-)Democracy, Maxwell L. Stearns

Maxwell L. Stearns

Legal scholars, economists, and political scientists are divided on whether voter initiatives and legislative referendums tend to produce outcomes that are more (or less) majoritarian, efficient, or solicitous of minority concerns than traditional legislation. Scholars also embrace opposing views on which law-making mechanism better promotes citizen engagement, registers preference intensities, encourages compromise, and prevents outcomes masking cycling voter preferences. Despite these disagreements, commentators generally assume that the voting mechanism itself renders plebiscites more democratic than legislative lawmaking. This assumption is mistaken. Although it might seem unimaginable that a lawmaking process that directly engages voters possesses fundamentally antidemocratic features, this Article …

The Social Cost Of Financial Misrepresentations, Urska Velikonja

Urska Velikonja

Policy makers, regulators, and academics have traditionally looked for the harm from securities fraud in the easy-to-study financial markets. However, by doing so, they have missed the significantly larger social welfare losses caused by securities fraud that fall outside financial markets. False financial disclosures, which are the most common variant of securities fraud, distort real economic decisions that firms, their rivals, suppliers, vendors, lenders, and workers make, thus distorting markets for inputs and outputs. When the fraud is revealed, every party affected makes costly adjustments. Many fraud-committing firms file for bankruptcy. Their rivals face doubts, called contagion. All firms must …

Aproximación Económica A La Regulación En El Derecho De Contratos: El Porqué De Las Reglas Por Defecto, Daniel Monroy

Daniel A Monroy C

El artículo desvirtúa inicialmente la imposibilidad de conciliar la perspectiva jurídica tradicional y la del análisis económico del derecho (AED) respecto de las justificaciones de las normas imperativas en el derecho de contratos, se defiende que la existencia de dichas normas puede sustentarse consistentemente desde la perspectiva económica antes que desde la visión jurídica tradicional. Adicionalmente, se sostiene que las razones que soportan la existencia de normas imperativas en el derecho de contratos no permiten justificar la existencia de reglas por defecto en esta misma área. Al respecto se argumenta que si bien la doctrina jurídica describe suficientemente las funciones …

Behavioral Advertising: From One-Sided Chicken To Informational Norms, Richard Warner, Robert Sloan

All Faculty Scholarship

When you download the free audio recording software from Audacity, you agree that Audacity may collect your information and use it to send you advertising. Billions of such pay-with-data exchanges feed information daily to a massive advertising ecosystem that tailors web site advertising as closely as possible to individual interests. The vast majority want considerably more control over our information. We nonetheless routinely enter pay-with-data exchanges when we visit CNN.com, use Gmail, or visit any of a vast number of other websites. Why? And, what, if anything, should we do about it? We answer both questions by describing pay-with-data exchanges …

Standard Contract Clauses As Public Goods: A New Approach, Enrico Baffi

enrico baffi

The aim of this work is to show how it is possible to identify market failures other than those traditionally identified by lawyers and law and economics scholars to justify the mandatory provisions of contracts between professionals and consumers and the equally mandatory provisions governing the abuse of economic dependency. This is a new approach that can be extended to other provisions and appears to rest on fairly solid microeconomic foundations. There is no doubt, however, that many criticisms can be leveled against it. Very briefly, I shall argue that the production of clauses characterized by being rather vague, indeterminate …

The Failure Of Decoupling Liability And Other Mistakes In Tort Law, Enrico Baffi

enrico baffi

It's a common opinion among law and and economics scholars that with a regime of strict liability or a regime of negligence rule one party (but just one party) adopts an efficient level of activity. It's also a common idea the with a regime of strict liability and a tax on the victim equal to expected damage both parties take an efficent level of activity. We expalin in this paper why this opinions are wrong. The basic fact is that it is not considered by these opinions that, in order to have an efficient level of activity, it's necessary a …

Standard Contract Clauses. A Different Way To Consider This Problem, Enrico Baffi

enrico baffi

The aim of this work is to show how it is possible to identify market failures other than those traditionally identified by lawyers and law and economics scholars to justify the mandatory provisions of contracts between professionals and consumers and the equally mandatory provisions governing the abuse of economic dependency. This is a new approach that can be extended to other provisions and appears to rest on fairly solid microeconomic foundations. There is no doubt, however, that many criticisms can be leveled against it. Very briefly, I shall argue that the production of clauses characterized by being rather vague, indeterminate …

The Problem Of Internalization Of Social Costs And The Ideas Of Ronadl Coase, Enrico Baffi

enrico baffi

In this paper, I try to show that, although some arguments elaborated by Coase do not have a great practical importance, and that it seems that the most important one against a system of remedies for each externalities (if we are able to define this concept) is difficult to create, Coase has understood many problems that they have been at the basis of later studies in tort and property law; but, what is more important here, is to underline that a system of remedies for every externalities have been refused by eminent scholars after Coase The work of the English …

Contracting I The -Modern Woerld, Enrico Baffi

enrico baffi

In this paper I want to show that the change that we observe in the way of contracting do not depend by the market powers that firms would have obtained, but it is a phenomenon due to the change in relative costs of activities. There are activities that are labor intensive that must be abandoned in favor of activities that capital intensive, and there are activities that are time consuming that the people do not want to bea, as reading all the contract clauses of a standard form contract, that determine the necessity, probably, if there is not a state …

Contracting In Modern World, Enrico Baffi

enrico baffi

In this paper I try explore some of the basic features of modern mass contracting. In my opinion, there are basically four characteristics of modern mass contracting: a)he reduced negotiations; b) the dissemination of standard form contracts; c) the presence of abusive clauses; d) and the recapitulation of the contract and its execution in a single act of stipulation. All the changes are the consequences in the changes of relative costs of activities: a) The reduction in negotiations is the result first of all of the costs that this activity requires and of the costs required to manage personalized contracts; …

Mental Budget And Inefficient Clauses: A Lesson From Behavioral Law Nand Economics, Enrico Baffi

enrico baffi

This paper is an attempt to highlight how clauses, which are traditionally considered to be inefficient, may actually be desired by consumers. This anomaly originates in the fact that each individual builds a mental budget by dividing the money he has among the needs he intends to satisfy. According to consumers’ reasoning, money is not fungible, in the sense that amounts cannot be transferred from one expenditure to another. Consumers who behave in this way may sometimes find that they have depleted the amount they budgeted for an item while wanting to buy more of it. Since additional time, efforts …

Coase V. Pigou: A Still Difficult Debate After Fifty Years, Enrico Baffi

enrico baffi

This paper examine the positions of Coase and Pigou about the problem of the externalities. From the reading of their most two important works it appears that Coase has a more relevant preference for a evaluation of efficiency at the total, while Pigou, with some exception, is convinced that is possible to reach marginal efficiency through taxes. It’s interesting that Coase, who has elaborated the famous theorem, is convinced that is not i to reach the efficiency at the margin every time and that sometimes is necessary a valuation at the total, that tells us which solution is more welfare …

Casev. Pigou: A Still Difficult Debate, Enrico Baffi

enrico baffi

This paper examine the positions of Coase and Pigou about the problem of the externalities. From the reading of their most two important works it appears that Coase has a more relevant preference for a evaluation of efficiency at the total, while Pigou, with some exception, is convinced that is possible to reach marginal efficiency through taxes or compensation. It’s interesting that Coase, who has elaborated the famous theorem, is convinced that is not important to reach the efficiency at the margin every time and that sometimes is necessary a valuation at the total, that tells us which solution is …

Race, Law, And The Free Market: A Critical Law And Economics Conception Of Racism As Asymmetrical Market Failure, Andre L. Smith

Andre L. Smith

No abstract provided.