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Creating markets in no-trust environments: The law and economics of smart contracts
Computer Law and Security Review, 2019Smart contracts, self-executing agreements based on blockchain technology, have the capacity to create trust in what we term no-trust contracting environments.
Helen Eenmaa-Dimitrieva +1 more
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Law and economics: the comparative law and economics of frustration in contracts
2011Frustration of purpose is a defense to the enforcement of a contractual obligation. Legal systems generally provide this defense when an unforeseen event undermines a party’s purpose for entering into a contract. In many legal systems frustration of purpose is often treated and discussed jointly with the related doctrine of impossibility, which ...
LUPPI, Barbara +2 more
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Economic Law and the Laws of Economics
2008Abstract If international economic law is not necessarily congruent with the laws of international economics, it is nevertheless true that economics— knowledge, faith, skepticism included—has had a strong influence on the shape and evolution of the international law of international trade, investment, and financial transactions.
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1987
The economic analysis of law involves three distinct but related enterprises. The first is the use of economics to predict the effects of legal rules. The second is the use of economics to determine what legal rules are economically efficient, in order to recommend what the legal rules ought to be.
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The economic analysis of law involves three distinct but related enterprises. The first is the use of economics to predict the effects of legal rules. The second is the use of economics to determine what legal rules are economically efficient, in order to recommend what the legal rules ought to be.
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‘Economic Predilection and the Law’
American Political Science Review, 1937As 1937 brings into sharp focus the New Deal critique of the judiciary, the phrase “economic predilection” becomes a slogan rather than a subtle juristic evaluation. The famed dictum of Justice Holmes that there is an inarticulate major premise upon which major constitutional issues are decided was necessarily made an issue in government by an ...
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Law and Economics versus Economic Analysis of Law
SSRN Electronic Journal, 2011This paper distinguishes law and economics – conceived as an equal partnership between two disciplines – and economic analysis of law, conceived as the application of economic reasoning to legal rules and institutions. I explore the difference by contrasting Robert Aumann’s economic analysis of a text from the Talmud with an analysis of the same text ...
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The morality of law and economics
Law and Philosophy, 1992The moral heart of normative law and economics is efficiency, especially dynamic efficiency that takes incentive effects into account. In the economic theory, justificatory argument is inherently at the institutional- or rule-level, not an the individual- or case-level.
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Law and Economics in Retrospect
2008The case for law and economics: beyond disciplinary nirvanas? In recent years, as Mercuro and Medema (1997, pp ix–x) point out, “Law and Economics has developed from a small and rather esoteric branch within economics and law, to a substantial movement that has helped to both redefine the study of law and expose economics to the important implications ...
PAGANO, UGO, NICITA, ANTONIO
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The Journal of Law and Economics, 1993
IT is a double honor to have been invited to deliver the Simons lecture on the occasion of the celebration of the centennial of the University of Chicago. Although at my age a century seems a rather short period, we all know that the University of Chicago has not suffered from the usual human limitations. It emerged from the ground fully grown.
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IT is a double honor to have been invited to deliver the Simons lecture on the occasion of the celebration of the centennial of the University of Chicago. Although at my age a century seems a rather short period, we all know that the University of Chicago has not suffered from the usual human limitations. It emerged from the ground fully grown.
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Copyright, online news publishing and aggregators: a law and economics analysis of the EU reform
International Journal of Law and Information Technology, 2019On 12 September 2018 the European Parliament approved the new version of the proposal for a Directive on Copyright in the Digital Single Market elaborated by the European Commission in 2016.
Giuseppe Colangelo, Valerio Torti
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