Law and Economics Commons^™

Jogelmélet Jog Nélkül? [Legal Theory Without Law?], Péter Cserne

Péter Cserne

No abstract provided.

Un Código Modelo En Lenguaje Claro, Maximiliano Marzetti

Maximiliano Marzetti

La presentación del Dr. Maximiliano Marzetti refiere a un proyecto de la Asociación Latinoamericana y del Caribe de Derecho y Economía (ALACDE) para impulsar una nueva generación de codificación civil y comercial para Latino América y el Caribe desde un enfoque integrado del análisis económico del Derecho para hacer que el derecho funcione mejor y sea más eficiente. Se trata de innovar tanto en el fondo (law and economics) como en la forma (plain legal language). La redacción en lenguaje jurídico claro ayuda a disminuir los "costos de transacción" de los lectores.

Who's Presumptuous Now? Mccain Articulates U.S. Foreign Policy In Georgia Conflict, Kent Greenfield

Kent Greenfield

No abstract provided.

Behavioral Public Finance, Edward J. Mccaffery

Edward J McCaffery

These are slides from a presentation to the Gruter Institute for Law and Behavioral Research, Squaw Valley Conference, May, 2008 (at which event Michael Jensen got me to agree to post these slides as a pdf on SSRN . . . ). The task is to give an overview of what I hope to be an emerging field of behavioral public finance. Behavioral finance, as per Barberis and Thaler 2003 (and others), consists of two parts: (1) individual level heuristics and biases, which can lead to sub-optimal (inconsistent) judgment and decision-making, and (2) institutional arbitrage mechanisms. In private finance and …

Comments On Liebman And Zeckhauser, Simple Humans, Complex Insurance, Subtle Subsidies, Edward J. Mccaffery

Edward J McCaffery

These are brief comments on an excellent paper by Jeffrey Liebman and Richard Zeckhauser, prepared for a conference sponsored by the Urban Institute and Brookings on tax and health care policy. Liebman and Zeckhauser summarize the complexities involved in making optimal health insurance decisions, and offer generally cautionary notes about conflating these with tax law (a theme of the conference). Most importantly, Liebman and Zeckhauser suggest a positive role for employers in health care and insurance decisions, as better setters or framers of choice sets—witness 401(k) plans. In this Commentary, I applaud Leibman and Zeckhauser’s general work and particular observation, …

I Want To Be Too Big To Fail, Kent Greenfield

Kent Greenfield

No abstract provided.

Mukasey's Defense Of Professional Irresponsibility, Kent Greenfield

Kent Greenfield

No abstract provided.

Acerca De La Responsabilidad Social Y El Desarrollo Económico Del País: Ignorantia Legis Excusat, Ignorantia Facti Non Excusat, Gastón Fernández Cruz, Renzo E. Saavedra Velazco

Renzo E. Saavedra Velazco

La presente nota tiene como propósito exponer los defectos en la transmisión de información por parte de la clase política peruana respecto de los procesos de "concesión" y/o "privatización". Tales defectos han generado una errónea percepción por parte de la sociedad que ha devenido en movimientos contrarios a tales procesos.

A Positive Theory Of Eminent Domain, Eric Kades

Eric A. Kades

Could Such A Classification Of Data Really Reflect The Status Quo Of Chinese Humanities And Social Sciences?（数据如此分组能否真实反映法学现状──评《中国人文社会科学学术影响力报告》“法学部分”）, Meng Hou

Hou Meng

No abstract provided.

O Que É Pesquisa Em Direito E Economia?, Bruno Meyerhof Salama

Bruno Meyerhof Salama

No abstract provided.

How Law Constructs Wealth Patterns [Panel Remarks], Kent Greenfield

Kent Greenfield

No abstract provided.

Defending Stakeholder Governance, Kent Greenfield

Kent Greenfield

Corporations are collective enterprises, drawing on investments from various stakeholders who contribute to the firm's success. For a business to succeed over time, it must induce people and institutions to invest money, whether in the form of equity or loans. It must induce people to invest their labor, intelligence, skill, and attention by joining the firm as employees or managers. It must induce local communities to invest infrastructure of various kinds. None of these investors-for investors they all are-contributes its input out of altruism or obligation. They all do so because they believe that the corporation provides the mechanism for …

Christians In The American Empire: Faith And Citizenship In The New World Order, Vincent Rougeau

Vincent D. Rougeau

What does it mean to be a Christian citizen of the United States today? This book challenges the argument that the United States is a Christian nation, and that the American founding and the American Constitution can be linked to a Christian understanding of the state and society. Vincent Rougeau argues that the United States has become an economic empire of consumer citizens, led by elites who seek to secure American political and economic dominance around the world. Freedom and democracy for the oppressed are the public themes put forward to justify this dominance, but the driving force behind American …

Progressive Era, Richard Adelstein

Richard Adelstein

A short interpretive summary of the period 1890 - 1914.

Estate Acts, 1600 To 1830: A New Source For British History, Gary Richardson

Gary Richardson

A new database demonstrates that between 1600 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by landholding and inheritance laws. This essay provides a factual foundation for research on this important topic: the law and economics of property rights during the period preceding the Industrial Revolution. Tables present time-series, cross-sectional, and panel data that should serve as a foundation for empirical analysis. Preliminary analysis indicates ways in which this new evidence may shape our understanding of British …

El Sistema De Solución De Controversias Entre Estados, Pierino Stucchi, Luis García-Corrochano

Pierino Stucchi

No abstract provided.

Incentive Effect Of Liability Rules In The Presence Of Liability Insurance In The Maritime Law Context: An Economic Analysis, Muhammad Masum Billah Dr.

Muhammad Masum Billah Dr.

Incentive effect of liability law may be affected by the presence of liability insurance. Apparently when a party has liability insurance and does not have to pay directly from its own pocket, it will have less motivation to exercise proper care. This tendency of an insured is known as “moral hazard.” There are many studies on the problem of “moral hazard” and on various mechanisms how to address it. Yet, there is a lack of academic discussion on comparative analysis between liability law and liability insurance in terms of their effect on creation of incentives; that is, whether liability law …

Guía De Las Decisiones Del Pjf En Materia De Competencia Económica Como Generar Una Cultura De La Competencia, Ana E. Fierro Ferraez, Adriana García García

Ana E. Fierro Ferraez

Since the creation of the Federal Commission of Economic Competition, the free trade right, established in article 28 of the Mexican Constitution, has become a constitutional right. It´s defense corresponds to the Federal Judiciary that has become a big challenge, how to guarantee the conditions of a free market so Mexicans can exercise their right to free trade? The present document, through the analysis of the relevant resolutions of the Court about free trade in the last 10 years, as well as the main precedents, seeks to be a guide of the new issues on free trade in Mexico and …

Responsabilidade Civil Dos Robôs? Normas Sociais De Controle Dos Agentes Eletrônicos, Ivo T. Gico

Ivo Teixeira Gico Jr.

Nesta contribuição, discute-se que, mesmo em ambientes cibernéticos, o Direito imposto surge como uma necessidade natural de sistemas sociais complexos.

O surgimento efetivo de robôs e a expansão dos agentes eletrônicos principalmente na Internet impuseram a auto-regulação por normas costumeiras, ontologicamente de adesão espontânea (não cogentes, portanto).

Com o crescimento da rede e a absoluta impessoalidade que agora reina, esse tipo de regramento é simplesmente ineficaz, cabendo ao o Direito positivo delimitar os parâmetros para que a rede evolua e cresça em importância.

In this contribution, the author discusses that, even in cyber environments, tax law emerges as a natural …

Trying To Vote In Good Conscience, Elizabeth F. Brown

Elizabeth F Brown

This Article analyses the U.S. Conference of Catholic Bishops’ statement, Forming Consciences for Faithful Citizenship: A Call to Political Responsibility from the Catholic Bishops of the United States, and how it addresses the economic and environmental issues raised during the 2008 Presidential election.

Much Ado About Pluralities: Pride And Precedent Amidst The Cacophy Of Concurrences, And Re-Percolation After Rapanos, Donald J. Kochan, Melissa M. Berry, Matthew J. Parlow

Donald J. Kochan

Conflicts created by concurrences and pluralities in court decisions create confusion in law and lower court interpretation. Rule of law values require that individuals be able to identify controlling legal principles. That task is complicated when pluralities and concurrences contribute to the vagueness or uncertainty that leaves us wondering what the controlling rule is or attempting to predict what it will evolve to become. The rule of law is at least handicapped when continuity or confidence or confusion infuse our understanding of the applicable rules. This Article uses the recent U.S. Supreme Court decision in Rapanos v. United States to …

O Que É Direito E Economia?, Bruno Meyerhof Salama

Bruno Meyerhof Salama

No abstract provided.

Decrecimiento Poblacional En China Durante La Época Del Gran Salto Adelante, Fernando Villaseñor Rodríguez

Fernando Villaseñor Rodríguez

No abstract provided.

De Lo Privado Y Lo Comunitario En La Época Yayoi, Fernando Villaseñor Rodríguez

Fernando Villaseñor Rodríguez

No abstract provided.

El Prejuicio Conflictual En El "Choque De Civilizaciones", Fernando Villaseñor Rodríguez

Fernando Villaseñor Rodríguez

No abstract provided.

Analytical Thomism: Traditions In Dialogue, Mario Šilar

Mario Šilar

No abstract provided.

The Anticommons And The Problem Of Numerus Clausus Of Property Rights, Enrico Baffi

enrico baffi

In the academic literature there the idea that revolutionary French lawmakers wanted to encourage the circulation of goods by limiting the possibility of creating property rights, thus reacting to the risk that the high transaction costs necessary to make several people reach an agreement would compromise the transfer of goods to a different use (and to a different owner). The so-called "theory of the anticommons" is the legal and economic development of this idea. But law and economics in recent years have led to the identification of further explanations, in terms of economic efficiency, of the principle of the numerus …

The Developer’S Decision Calculus: An Agent-Based Model Of Commercial Development, Mirya R. Holman, Travis Coan

Mirya R Holman

While considerable research has been devoted to understanding the impact local regulatory environments on housing development, few studies have examined the implications of land-use regulations for commercial development. The paucity of studies is unfortunate given that commercial development often provides municipalities with considerable economic benefits (e.g., employment) and a crucial source of tax revenue. This study presents a formal model of the commercial development process that explicitly incorporates the dynamic interaction of commercial developers and local cities. Specifically, we construct an agent-based model (ABM) of the commercial development process that represents some key features of the development process. We form …