Summary: The legal status and treatment of economic losses in many jurisdictions, both in the Civil Law and the Common Law traditions, have puzzled lawyers and economically minded scholars for a long time. Moreover, the size and reach of economic losses are in the rise in modern economies and legal systems, due to technological developments in telecommunications, network effects, increased value of financial information, expanded use of informational intermediaries, the augmented role of gatekeepers, and similar phenomena.

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