Anderlini, Luca; Felli, Leonardo; Riboni, Alessandro - C.E.P.R. Discussion Papers - 2008
In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably incomplete, this confers an advantage to the Statute Law regime over the Case Law one. However, all Courts rule ex-post, after most economic decisions are already taken. Therefore, the...