Anderlini, Luca; Felli, Leonardo; Riboni, Alessandro - Collegio Carlo Alberto, Università degli Studi di Torino - 2008
In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably incomplete, this confers an advantage to the Case Law regime over the Statute Law one. However, all Courts rule ex-post, after most economic decisions are already taken. Therefore, the...
