Law and economics and the role of explanation: A comment of Guido Calabresi,The Future of Law and EconomicsSpringer Science and Business Media LLC - - 2018
Brian H. Bix
A central theme of Guido Calabresi’s The Future of Law and Economics is the way that economic analysis of law tends to reject as irrational whatever aspects of law or life do not fit its approach. Calabresi argues instead for a different approach he labels “law and economics,” which includes a greater willingness to modify economic analysis to allow it better to fit law and life. This Review Essay...... hiện toàn bộ
The judicial review of legislation in the United Kingdom: a public choice analysisSpringer Science and Business Media LLC - Tập 37 - Trang 221-247 - 2011
Eric C. Ip
The Human Rights Act 1998 unprecedentedly enabled the senior courts in the United Kingdom to review parliamentary enactments for compatibility with the European Convention on Human Rights. This article seeks to analyze within the framework of public choice economics two phenomena arising from this development that are counterintuitive: What made Parliament voluntarily invite the judiciary to monit...... hiện toàn bộ
How consumer information curtails market power in the funeral industrySpringer Science and Business Media LLC - Tập 37 - Trang 421-437 - 2012
Thierry Blayac, Patrice Bougette, Christian Montet
Based on the French market, the purpose of this article is to show that contrary to common opinion in France about the impossibility of having a deregulation of the business of funeral services without observing abuses of many locally dominant suppliers, improvement in consumer information, along with the entry of a special storing facility service (“chambre funéraire”), imposes enough competitive...... hiện toàn bộ
Fraud, banking crisis, and regulatory enforcement: Evidence from micro-level transactions dataSpringer Science and Business Media LLC - Tập 21 - Trang 179-197 - 2006
H. Bartu Soral, Talan B. İşcan, Gregory Hebb
Can widespread fraud cause large scale banking crises? We address this issue in the context of the recent Turkish banking crisis of 2000, which was followed by a severe recession and currency crisis. Using detailed micro-level transactions data, we show that related lending and back-to-back loans across banks were used to circumvent regulation and transfer deposits to private holding companies tha...... hiện toàn bộ
Open access, social norms and publication choiceSpringer Science and Business Media LLC - - 2013
Matteo Migheli, Giovanni B. Ramello
The aim of this paper is to shed light on scholarly communication and its current trajectories by examining academics’ perception of Open Access, while also providing a reference case for studying social norm change. In this respect, the issue of publication choice and the role of Open Access journals casts light on the changes affecting the scientific community and its institutional arrangements ...... hiện toàn bộ
Entry regulation, firm’s behaviour and social welfareSpringer Science and Business Media LLC - Tập 40 - Trang 13-31 - 2014
Javier Elizalde, Markus Kinateder, Ignacio Rodríguez-Carreño
This work performs a comparative welfare analysis of two types of entry regulation in a duopolistic retail market: number of licenses and minimum distance between stores. In a linear (Hotelling) market we show that a minimum distance rule is beneficial for consumers and disadvantageous for the firms when demand is sufficiently inelastic. The distance rule that maximises social welfare is one quart...... hiện toàn bộ
Market Domination: Tests Applied to the Danish Cement IndustrySpringer Science and Business Media LLC - Tập 14 - Trang 99-127 - 2002
Lisbeth Funding la Cour, H. Peter Møllgaard
We propose an economic interpretation of the definition of a dominant position used by the European Court of Justice (ECJ). Then we apply co-integration techniques to test econometrically whether the sole Danish producer of cement holds a dominant position. Import penetration tests show that its conduct is independent of import price and quantity, so it can act to a considerable extent independent...... hiện toàn bộ
The costs of class actions: allocation and collective redress in the US experienceSpringer Science and Business Media LLC - Tập 32 - Trang 169-183 - 2011
Guido Calabresi, Kevin S. Schwartz
Once a preserve of the American legal landscape, the class action device today transcends geographic boundaries. In the past decade, efforts have intensified to establish collective litigation instruments in diverse legal terrains outside the United States—including Europe—often with the common goal of allowing some form of collective legal redress while avoiding perceived disadvantages of class a...... hiện toàn bộ