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Persistent link: https://www.econbiz.de/10008596777
In this paper, we study the dynamics of legal rules in a model with two nation-states playing a non cooperative game. For each country, changing the legal system is a costly process. At the same time, the existence of different legal systems is also costly for all nation-states. We show that...
Persistent link: https://www.econbiz.de/10010864572