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We model the different ways in which precedents and contract standardization shape the development of markets and the …
Persistent link: https://www.econbiz.de/10010696467
of innovative contracts and legal evolution that improve verifiability and contracting over time. We find, however, that … law matures. Contract standardization avoids this cost, statically improving enforcement; but it crowds out innovative …
Persistent link: https://www.econbiz.de/10010849608
of innovative contracts and legal evolution that improve verifiability and contracting over time. We find, however, that … law matures. Contract standardization avoids this cost, statically improving enforcement; but it crowds out innovative …
Persistent link: https://www.econbiz.de/10010851394
of innovative contracts and legal evolution that improve verifiability and contracting over time. We find, however, that … law matures. Contract standardization avoids this cost, statically improving enforcement; but it crowds out innovative …
Persistent link: https://www.econbiz.de/10011084669
This paper explores the scope for synthesis between economic and systemic approaches to the understanding of legal evolution. The evolutionary and epistemic branches of game theory predict that stable norms will emerge when agents share common beliefs concerning future states of the world....
Persistent link: https://www.econbiz.de/10010548034
standardization, choice of law, and choice of forum, (2) contracting-party factors: domestic vs. international status, place of …, greater contract standardization, and perceived fairness of juries are significantly associated with jury trial waivers. Over …
Persistent link: https://www.econbiz.de/10012726831
Recent empirical research has tried to assess the influence of good institutions over economic development (North, 1990). Cross-country analysis has been the traditional approach, however these studies are criticized because of the institutional measures they employ. Indeed, these indexes could...
Persistent link: https://www.econbiz.de/10012729469
Persistent link: https://www.econbiz.de/10012730859
Persistent link: https://www.econbiz.de/10012773364
This is the Twentieth Annual Survey of American Choice-of-Law Cases. It covers cases decided by American state or federal courts from January 1 to December 31, 2006, and reported during the same period. Of the 2,598 conflicts cases that met both of these parameters, the Survey focuses on the...
Persistent link: https://www.econbiz.de/10012777844