The aim of this paper is to propose an original articulation of neoclassical and Austrian understanding of human behaviours into one logical sequence of “human process of decision”. We claim the methodological debate among economists on the representation of human action is due to a wrong...

Reasons for the joint use of ex ante regulation and ex post liability to cope with environmental accidents have been a longstanding issue in law and economics literature. This article, which includes the first empirical study of the French environmental legal system, analyzes courts’ decisions...

The key question in this paper is to determine whether regulation and regulators information can help solving causal uncertainty problems in liability. A widely held view among Law & Economics scholars is that civil liability alone is not well-suited to cope with environmental accidents,...

Using macro-level panel data, we examine the effects of taxation and tax progressivity on entrepreneurship in a large group of European countries. We address two main objectives. First, we try to explore whether tax increases discourage entrepreneurial activity, distinguishing between the...

Dans de nombreuses juridictions les autorités de la concurrence et de la régulation des marchés remettent en cause le principe des commissions d'interchange ; commissions que l'on retrouve pourtant dans la quasi-totalité des plateformes interbancaires de paiements par carte. Il semblerait...

The recent economic history of China is simply fascinating. During the last quarter of a century, China’s GDP has been growing at an average rate of 9% a year, driving China to the top five world economies with a GDP per capita of 1,410 US$ in 2005. What account for such a rapid development?...

Epstein gave to one of his books a title that summarizes the main conclusion of some studies, in particular Hayek's, of emergent orders (also known as spontaneous orders) such as the law and the market: we need, says Epstein, simple rules to cope with a complex world. We offer a critical...