The formulation of legal rules is a challenging issue for law makers. Tradeoffs are inevitable between providing more guidance by specific rules and enlarging the scope by general rules. Using real options theory we show that the degree of precision should be considered as a degree of...

The formulation of legal rules is a challenging issue for lawmakers. Trade-offs are inevitable between providing more guidance by specific rules and enlarging the scope by general rules. Using real options theory we show that the degree of precision should be considered as a degree of...

The formulation of legal rules is a challenging issue for lawmakers. Trade-offs are inevitable between providing more guidance by specific rules and enlarging the scope by general rules. Using real options theory we show that the degree of precision should be considered as a degree of...

Der vorliegende Beitrag diskutiert die Schnittstelle zwischen Recht und Ökonomik in der Wettbewerbspolitik. Aus einer ökonomischen Perspektive werden Ansätze zu einer institutionenökonomischen Analyse der Kartellrechtsdurchsetzung betrachtet. Im Rahmen einer positiven Institutionenökonomik...

Article 16 of the EBA Founding Regulation enables the EBA to issue guidelines and recommendations, while Articles 8 (1) (aa) and (ab) and 29 (2) of that Regulation enable it to develop a handbook for supervision and resolution. The European Court of Justice (ECJ or Court, hereinafter), in its...

This paper has two main purposes. Firstly, to provide information about the obstacles faced by Brazilian Labor Justice in making its decisions really effective. Secondly, to offer data which may help to estimate the amount of money involved in no-complied decisions. Regarding this, the paper...

CPNU was a public contest, organized by Enamat/TST, to select candidates for substitute judge, which is the entry position into the career of the labour magistracy. From the perspective of the candidates, the CPNU demanded an extensive and profound load of knowledge, of a legal and extra-legal...

This paper has two main purposes. Firstly, to provide information about the obstacles faced by Brazilian Labor Justice in making its decisions really effective. Secondly, to offer data which may help to estimate the amount of money involved in no-complied decisions. Regarding this, the paper...

The UN Declaration of 24 September 2012 reaffirming the commitment of Heads of State and Government to the Rule of Law reflects the current uneasiness accompanying the application of just the concept. This short paper argues that it is due to discrepancies in its worldwide understanding and to...