Regulatory competition in contract law has become a popular topic in recent years. The focus of the debate, however, has been whether regulators actually compete for application of their contract laws. In contrast, the question under which conditions this competition – if it exists – might...

January 2000 - What aspects of institution building most affect the transition to a market economy? In terms of effects on per capita income and school enrollment, the rule of law may be most important. In terms of life expectancy, the quality of the bureaucracy plays a more crucial role. Campos...