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Ernst-Joachim Mestmäcker reviews legal theories of Richard Posner and Friedrich von Hayek, who are famous for their contribution to law and economics.
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Corporate actors differ from individuals in that it may be possible to observe the formation of the corporate will from outside, and to influence its formation. This feature can be exploited by regulators. One technique is inducing corporate actors to hire an interface actor, representing the...
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no abstract available.
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Customary law has been criticized from very different angles. Rational choice theorists claim that what looks like custom is nothing but self-interest. Positivists doubt that anything beyond consent assumes the force of law. In this paper, we adopt an experimental approach to test these claims....
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