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Production of Legal Rules
This thorough and detailed book provides a comprehensive analysis of the various ways in which laws and rules are produced and lays the foundations for a systematic understanding of lawmaking as a production process.
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Critical Acclaim
Contributors
Contents
More Information
This thorough and detailed book provides a comprehensive analysis of the various ways in which laws and rules are produced and lays the foundations for a systematic understanding of lawmaking as a production process.
Leading scholars and experts provide coverage and insight on key issues such as the optimal specificity and timing of legal intervention, the nature of expressive law, the production of customary law, and the effect of social norms and social stigma on legal compliance. The original essays shed new light on important issues concerning the institutional design of lawmaking through the lens of economic analysis and public choice theory, and together form an important reference tool.
This state-of-the-art resource forms part of the Encyclopedia of Law and Economics, and will appeal strongly to researchers and postgraduate students from both law and economics backgrounds.
Leading scholars and experts provide coverage and insight on key issues such as the optimal specificity and timing of legal intervention, the nature of expressive law, the production of customary law, and the effect of social norms and social stigma on legal compliance. The original essays shed new light on important issues concerning the institutional design of lawmaking through the lens of economic analysis and public choice theory, and together form an important reference tool.
This state-of-the-art resource forms part of the Encyclopedia of Law and Economics, and will appeal strongly to researchers and postgraduate students from both law and economics backgrounds.
Critical Acclaim
‘The economic analysis of the production of legal rules has been so far spread over many legal books and articles focusing on other topics. This fascinating volume, edited by Francesco Parisi, is the first book dealing with the production of legal rules in a systemic and comprehensive way. A dream-team of scholars from both the United States and Europe use economics tools to investigate legislation, regulation, judge-made law, social norms, customary law, and international law. Legislators, regulators, judges, economists, practicing and academic lawyers should not miss reading this book.’
– Ariel Porat, Tel Aviv University, Israel
– Ariel Porat, Tel Aviv University, Israel
Contributors
Contributors: E. Baffi, E. Carbonara, R. Cooter, J. De Mot, L. Escresa, M. Faure, V. Fon, N. Ghei, C. Guerriero, R.P. Inman, L. Kaplow, J. Klick, B. Luppi, R.H. McAdams, A. Ogus, F. Parisi, P.H. Rubin, D.L. Rubinfeld, P. Santella, H.-B. Schäfer, D. Snidal, P.B. Stephan, E.P. Stringham, A. Thompson, S. Voigt, G. von Wangenheim, T.J. Zywicki
Contents
Contents:
Introduction
PART I: LEGISLATION AND REGULATION
1. Constitutional Design of Lawmaking
Stefan Voigt
2. General Characteristics of Rules
Louis Kaplow
3. Rules versus Standards
Barbara Luppi and Francesco Parisi
4. The Optimal Timing of Lawmaking
Nita Ghei
5. Production of Legal Rules by Agencies and Bureaucracies
Georg von Wangenheim
PART II: JUDGE-MADE LAW
6. Judge-made Law
Paul H. Rubin
7. Common Law and Economic Efficiency
Todd J. Zywicki and Edward Peter Stringham
8. Bias in the Common Law
Jef De Mot
9. Legal Traditions and Economic Performance: Theory and Evidence
Carmine Guerriero
PART III: SOCIAL NORMS AND CUSTOMS
10. The Focal Point Theory of Expressive Law
Richard H. McAdams
11. Countervailing Norms
Emanuela Carbonara, Francesco Parisi and Georg von Wangenheim
12. Social Stigma
Michael Faure and Laarni Escresa
13. Self-regulation
Anthony Ogus and Emanuela Carbonara
PART IV: INTERNATIONAL LAW
14. International Law as a Source of Law
Paul B. Stephan
15. International Treaties
Vincy Fon
16. Customary International Law
Jef De Mot, Vincy Fon and Francesco Parisi
17. International Organization: Institutions and Order in World Politics
Alexander Thompson and Duncan Snidal
PART V: FEDERALISM, LEGAL HARMONIZATION AND DEVELOPMENT
18. Federalism
Robert P. Inman and Daniel L. Rubinfeld
19. Legal Harmonization
Enrico Baffi and Paolo Santella
20. Forum Shopping and the Evolution of Rules of Choice of Law
Nita Ghei
21. The Law and Economics of Regulatory Competition
Jonathan Klick
22. Growth-oriented Legal Reforms
Robert Cooter and Hans-Bernd Schäfer
Index
Introduction
PART I: LEGISLATION AND REGULATION
1. Constitutional Design of Lawmaking
Stefan Voigt
2. General Characteristics of Rules
Louis Kaplow
3. Rules versus Standards
Barbara Luppi and Francesco Parisi
4. The Optimal Timing of Lawmaking
Nita Ghei
5. Production of Legal Rules by Agencies and Bureaucracies
Georg von Wangenheim
PART II: JUDGE-MADE LAW
6. Judge-made Law
Paul H. Rubin
7. Common Law and Economic Efficiency
Todd J. Zywicki and Edward Peter Stringham
8. Bias in the Common Law
Jef De Mot
9. Legal Traditions and Economic Performance: Theory and Evidence
Carmine Guerriero
PART III: SOCIAL NORMS AND CUSTOMS
10. The Focal Point Theory of Expressive Law
Richard H. McAdams
11. Countervailing Norms
Emanuela Carbonara, Francesco Parisi and Georg von Wangenheim
12. Social Stigma
Michael Faure and Laarni Escresa
13. Self-regulation
Anthony Ogus and Emanuela Carbonara
PART IV: INTERNATIONAL LAW
14. International Law as a Source of Law
Paul B. Stephan
15. International Treaties
Vincy Fon
16. Customary International Law
Jef De Mot, Vincy Fon and Francesco Parisi
17. International Organization: Institutions and Order in World Politics
Alexander Thompson and Duncan Snidal
PART V: FEDERALISM, LEGAL HARMONIZATION AND DEVELOPMENT
18. Federalism
Robert P. Inman and Daniel L. Rubinfeld
19. Legal Harmonization
Enrico Baffi and Paolo Santella
20. Forum Shopping and the Evolution of Rules of Choice of Law
Nita Ghei
21. The Law and Economics of Regulatory Competition
Jonathan Klick
22. Growth-oriented Legal Reforms
Robert Cooter and Hans-Bernd Schäfer
Index
