As per the importance of the operations carried out by the rating agencies, some obligations are set forth for these agencies, the breach of which causes their liability. The liability of the rating agencies has basically been regulated in the Communique on Principles Regarding Ratings and...

This paper has two purposes. First, it considers what the components of an “Austrian” law and economics might consist of. I argue that Ronald Coase’s conception of law and economics precludes the economic analysis of legal institutions and, in particular, the beliefs that support them. In...

In the paper the prospects of using the economic analysis of law for solving problems of the development and improvement of the education system of Ukraine are analyzed. The urgency of the implementation of the Education Code of Ukraine is grounded. The main condition for overcoming the barriers...

Despite the advances in New Institutional Economics about the economic consequences of institutions and legal rules, up to now we have only limited knowledge about the mechanisms of the evolution of law. By combining the main ideas of Evolutionary Economics and New Institutional Economics this...

The aim of economic analysis of law is to analyze the legal system by applying economic theories and methods. Economic analysis of law can greatly contribute to the efficiency and effectiveness of the legal system. The points of contact between law and economics, the impact of economics on the...

В статье проанализированы возможности использования экономической теории права в решении задач развития и совершенствования образовательной системы Украины....

В статье представлены результаты экономических экспериментов, демонстрирующих воздействие стремления к справедливому сотрудничеству на эффективность...

Economic analysis of law concerns predicting impacts of legislative rules on incentives and behaviour of individuals and judging social efficiency of alternative legislative rules. It applies price theory, welfare theory and public choice theory on creating and applying law. One of its main...

This paper examines two rules concerning translation right as a part of copyright - the existing rule which gives an author or a copyright owner control over the translation of his works and a new rule that removes the translation right from the copyright owner. It adopts the approach of Gordon...