This paper examines fair-dealing and fair-use copyright exceptions in terms of their economic properties. A particular question in the United Kingdom is whether there would be economic advantages, in terms of promoting economic growth through the encouragement of innovative creative work, from...

The “legal origins” scholarship of the past decade has created controversy both in its application of quantitative methods to comparative law and in its claims that common law is better than civil law for economic development. These controversies have unleashed a storm of criticism by...

Recent finance scholarship finds that countries with legal systems based on the common law provide better investor protections and have more developed financial markets than civil law countries. These findings echo Hayek's claims of the superiority of English to French legal institutions. In...

From the economic point of view, common law is more efficient than civil law. Is this recent statement published in an economic report valid for mergers and acquisitions (M&A)? The main objective of this paper is to compare the legal performance of M&A in France and in the United States. The...

This paper identifies and evaluates, from an economic point of view, the role of the judiciary the steady shift of environmental regulatory authority to higher, more centralized levels of government in both the U.S. and Europe. We supply both a positive analysis of how the decisions made by...

Adjudication via judicial settlement and arbitration are two mechanisms of dispute settlement available in international law. The distinction between the two may seem rudimentary. Primarily, arbitration is the hearing and determination of a disputed case by a third party and not the court ....

Comparative legal research is of greatest practical value to policymakers, and to the bench and bar, when grounded in the systematic collection and analysis of empirical data. By applying empirical research methods to comparative law questions, legal scholars can meaningfully contribute to...