Ramello, Giovanni B.; Porrini, Donatella - Institute of Public Policy and Public Choice - POLIS - 2010
According to the law and economics approach, pure economic loss is a private loss that is not socially relevant but …. Since pure economic loss is very often financial, the above reasoning also applies to financial markets. However, the same … law and economics arguments suggest that in financial markets, the policy of internalizing pure economic loss by means of …