Legal Orderings and Economic Institutions

by Cafaggi, Fabrizio; Nicita, Antonio; Pagano, Ugo

• ISBN13: 9780203391327
• ISBN10: 0203391322
• Copyright: 2007-05-10
• Publisher: Taylor & Francis

Summary

This book addresses the lively interaction between the disciplines of law and economics. The contributions encompass some of the core controversial issues in the disciplines arising from interactions between legal orderings and economic institutions.

Table of Contents

Introduction

Law, Economics and Institutional Complexity: An Introduction

Complexity in Law and Economics

Economics in the Future of the Law

Law and Economics in Historic Perspective

Legal Positions and Institutional Complementarities

Legislate Today or Wait Until Tomorrow?: An Investment Approach to Lawmaking

Private Orderings, Efficiency and the Role of the State

The Enforcement of Contracts and the Role of the State

Minimal Liberty and the 'Coasean Liberal': Setting Boundaries and Complementarities between the State and the Market

Private Orderings and Intellectual Property: What is it the Best Incentive System?

Fairness and Welfare: are they Really Competing Values?

Contractual Incompleteness and the Nature of Endogenous Enforcement

Costly Contingent Contracts: A Failure of the Coase Theorem

Game-Theoretic Solutions to Endogenous Contractual Incompleteness

Customary Contracts

Group Relations and Industrial Districts

Governance Models and Corporate Ethics

What is a Corporation?: The Corporate Personality Controversy and Comparative Corporate Governance

Fiduciary Duties, Models of Firms and Organizational Theories in the Context of Relational Interdependencies

Incomplete Contracts and Corporate Ethics: A Game Theoretical Model under Fuzzy Information

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