Economics applied to law is as old as Bentham, Ricardo, Smith and Marx. It is also as varied as these authors are from one another. However, when we talk today about the economic analysis of law, or simply law and economics (L&E), generally one version is meant: namely, the one born to the...

This article explores alternatives to the proscribed ideal of perfect competition and allocative efficiency that are more suitable to countries in the Global South. Seeking perfect competition in order to realize allocative efficiency is not only an unsuitable guide for competition enforcement...