The text of a Laudatio delivered on September 16, 2006 by Professor Francesco Parisi on...

In this paper we consider the role of lawmakers as norm entrepreneurs. Drawing from expressive...

The global legal landscape is undergoing substantial transformations, adapting to an increasingly global market economy....

This paper develops a stylized model of international treaty formation and analyzes the different modalities...

The process of treaty formation and reservations to multilateral treaties, enshrined in Articles 19-21 of...

Commons and Anticommons problems are the consequence of symmetric structural departures from a unified conception...

In this paper, we explore the alleged symmetry between commons and anticommons dilemmas. Our experimental...

Copyright scholars suggest that computer technology has reduced transaction costs associated with copyright transfer, allegedly...

Functional law and economics, which draws its influence from the public choice school of economic...

In this paper we consider the role that litigation and case selection play in the...

uring its relatively short history, the law and economics movement has developed three distinct schools...

As Calabresi (1996) pointed out, no consideration has been given in recent legal and economic...

EC Directive 1999/44 represents a sizeable step towards the harmonization of European law of warranties...

Behavioral economists accept many of the premises of traditional economic thought: that situational outcomes are...

In this paper we build upon existing literature on the evolution of the common law....

This article considers the applicability of the Coase theorem (in both its positive and normative...

The concept of reciprocity gains importance where there is no external authority to enforce agreements....

This paper considers the recent empirical findings on the application of the exclusionary rule for...

Vicarious liability, secondary liability and mandatory insurance are three systems to attain judgment-proof or disappearing...

International public law, in a Hobbesian sense, exists in a state of nature - there...

This article suggests that property is subject to a fundamental law of entropy, namely that...

This paper compares the adversarial system of adjudication, dominant in the common law tradition, with...

This paper considers the relative advantages and the respective limits of three main sources of...

This article considers the emergence and evolution of punitive and compensatory remedies in ancient law....

The Coase Theorem holds that, regardless of the initial allocation of property rights and choice...

Economic analysis has long been employed for the study of tort liability. This paper revisits...

This paper applies a model of complementary oligopoly and anticommons pricing to the market for...

This paper applies a model of complementary oligopoly and anticommons pricing to the market for...

This paper reviews the existing law and economics literature on crime, noting where various models...

Law and economics shows that a key factor in determining the optimal economic loss rule...

In this article we analyze the expected effects of regulatory overlap in European competition law...

One of the most controversial theoretical issues of our time is the governance of cybersecurity....

The rent-seeking literature is unanimous on the fact that, in a rent-seeking context, the rent...

The effect of Civil law doctrines of precedent on the process of formation and evolution...

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In a world with multiple, overlapping jurisdictions, any given litigation could be pursued in more...

This Article argues that recent developments in economic theory provide a new rationale for the...

This paper defines a framework for anticommons analysis based on the fragmentation of property rights....

This paper builds upon the existing literature on non-conforming property rights, suggesting that property is...

A fundamental insight of the economic analysis of law is the notion that legal sanctions...