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This article was prepared as a contribution to the Chapman Law Review's symposium on “Libertarian Legal Theory.” While … libertarian legal theory and law and economics share many affinities there are places in which both the method of the common law …
Persistent link: https://www.econbiz.de/10013065076
In the common law tradition contracts and torts have been considered separate areas of the law in both teaching and texts, while in civil law jurisdictions the law of contracts and delicts are generally not segregated to the same extent falling under the law of civil obligations. The common law...
Persistent link: https://www.econbiz.de/10013073383
This paper empirically compares civil procedure in common law and civil law countries. Using World-Bank and hand-collected data, and unlike earlier studies that used predecessor data sets, this paper finds no systematic differences between common and civil law countries in the complexity,...
Persistent link: https://www.econbiz.de/10013151399
acknowledged and accommodated. And any modern theory of equity must be composite rather than simple or unitary. Also important to …
Persistent link: https://www.econbiz.de/10012910728
Is the common law efficient? Neoclassical economists debate whether our inherited systems of judge-made law maximize wealth whereas Austrian economists typically adopt much different standards. The article reviews neoclassical and Austrian arguments about efficiency in the common law. After...
Persistent link: https://www.econbiz.de/10012910913
Richard Posner's influence on the field of law and economics cannot be overstated. Among his many contributions, Posner offered an early conjecture that remains fascinating and controversial to this day: the idea that common law rules are more likely than legislative codes to be concerned with...
Persistent link: https://www.econbiz.de/10013011863
The public interest immunity (PII) doctrine empowers the government to suppress information, the disclosure of which would injure the community as a whole. However, when such information is relevant to the fair adjudication of legal rights, a tension arises between two competing aspects of the...
Persistent link: https://www.econbiz.de/10012932694
Recent empirical work shows that countries whose legal systems are based on English common law differ systematically from those whose legal systems are based on French civil law. Glaeser and Shleifer (2002) trace this divergence to England's adoption of the jury system and France's adoption of...
Persistent link: https://www.econbiz.de/10012709493
A central requirement in the design of a legal system is the protection of law enforcers from coercion by litigants through either violence or bribes. The higher the risk of coercion, the greater the need for protection and control of law enforcers by the state. This perspective explains why, in...
Persistent link: https://www.econbiz.de/10013216846
This essay reviews the origins and development of the debate over the “efficiency of the common law hypothesis.” The essay begins with the earliest explanation for the observed tendency of the common law as proffered by Richard Posner. It then examines the Rubin-Priest and contemporary...
Persistent link: https://www.econbiz.de/10013247176