In the US, law and economics is so well established that many law schools have given up on a separate law and economics course. It seems obvious that economic theory matters for the interpretation and the evolution of the law. More recently, the empirical law movement has been gaining momentum...

Ökonomische Analyse des Rechts (ÖAR) beschäftigt sich mit den Wirkungen von Rechtsnormen, gerichtlichen Entscheidungen und Verwaltungsakten in der Lebenswirklichkeit. Sie bewertet diese Folgen mit Hilfe des Kriteriums der ökonomischen Effizienz und macht Vorschläge, wie Recht zu gestalten...

Die Ökonomische Analyse des Rechts umweht in Deutschland immer noch der Hauch des Exotischen. In diesem Beitrag soll begründet werden, warum das ökonomische Entscheidungsmodell ganz hervorragend dazu geeignet ist, die Verhaltensfolgen von Gesetzen zu prognostizieren. Deshalb kann die ÖAR...

This paper deals with the analysis of the doctrinal foundations of Law and Development (D&D) regarding to the need to support future research and applications of the subject in national and international context. The characterization of the scientific autonomy of the D&D was intended through the...

We model the settlement of a legal dispute where the trial outcome depends on the behavior of a strategically motivated judge. We consider a standard asymmetric information model where the uninformed defendant makes a take it or leave it offer. If the case goes to trial, the judge decides how...

Findings of cross-cultural psychology suggest that different approaches to rule enforcement have cultural roots. Individualist societies have established a rule of law, in which rules prevail; collectivist societies have a rule of man, which allows discretionary rule enforcement, which, in turn,...

The paper reviews (in Czech) the main qualitative tools applied by (micro)economic analysis and surveys the main literature on the topic. Economics is often being criticised by its opponents for the use of unrealistic assumptions. On the contrary, my claim is that if economics has anything to...

In this brief Article, I explore the growing empirical evidence in support of the public choice model of judicial decision making. Although legal scholars have traditionally been reluctant to engage in a critical inquiry into the role of judicial self-interest on judicial behavior, recent...

The following article is a contribution to the discussion about how the basic postulates of the Economic Analysis of Law can be aligned and thus, how such an alignment can consistently strengthen some of the most traditional institutions of the Law, particularly, the principle of good faith as a...

In Greece there is no established discipline of law and economics yet, if by this we mean a coherent body of work and a group of scholars dedicated to its promotion. There are only some recent and hesitant attempts by some scholars to introduce law and economics to Greek legal bibliography and a...