The relationship between law and economic development remains enigmatic. There is no doubt that, broadly speaking, legal mechanisms for social control (or “institutions,” to use North’s words) play a major role. Nevertheless, the impact of legal organization on economic development has not...

Fiduciary monitoring has become a hot topic as a result of the U.S. Supreme Court's decision in Tibble v. Edison International, according to recent expert insights published by Analysis Group Managing Principal D. Lee Heavner and Fiduciary Leadership LLC Managing Director and Analysis Group...

This article was prepared as a contribution to the Chapman Law Review's symposium on “Libertarian Legal Theory.” While libertarian legal theory and law and economics share many affinities there are places in which both the method of the common law and the substantive rules of the common law...

The emergence of blockchain technology will impact the world in many aspects. By recording the provenance of digital assets, the decentralized, distributed ledger technology provides many advantages and opportunities to society but not without potential negative impact that requires careful...

This article serves to introduce an aspect of current research related to the review of the Seychelles Civil Code and the important question of the role of trusts. The Civil Code is based on the Code Napoléon and has therefore no provision for the trust of English law. The Courts of Seychelles...

In the US, law and economics is so well established that many law schools have given up on a separate law and economics course. It seems obvious that economic theory matters for the interpretation and the evolution of the law. More recently, the empirical law movement has been gaining momentum...

Ökonomische Analyse des Rechts (ÖAR) beschäftigt sich mit den Wirkungen von Rechtsnormen, gerichtlichen Entscheidungen und Verwaltungsakten in der Lebenswirklichkeit. Sie bewertet diese Folgen mit Hilfe des Kriteriums der ökonomischen Effizienz und macht Vorschläge, wie Recht zu gestalten...

Die Ökonomische Analyse des Rechts umweht in Deutschland immer noch der Hauch des Exotischen. In diesem Beitrag soll begründet werden, warum das ökonomische Entscheidungsmodell ganz hervorragend dazu geeignet ist, die Verhaltensfolgen von Gesetzen zu prognostizieren. Deshalb kann die ÖAR...

This paper deals with the analysis of the doctrinal foundations of Law and Development (D&D) regarding to the need to support future research and applications of the subject in national and international context. The characterization of the scientific autonomy of the D&D was intended through the...

We model the settlement of a legal dispute where the trial outcome depends on the behavior of a strategically motivated judge. We consider a standard asymmetric information model where the uninformed defendant makes a take it or leave it offer. If the case goes to trial, the judge decides how...