This chapter for the Encyclopedia of Labor and Employment Law and Economics, discusses government regulation of the labor market in the 21st Century, with a particular emphasis on the need to maintain competitiveness in an era of globalization. The chapter first considers the 'race to the...

This chapter reviews the literature on employment and labor law. The goal of the review is to understand why every jurisdiction in the world has extensive employment law, particularly employment protection law, while most economic analysis of the law suggests that less employment protection...

This paper examines both the determinants and the effects of changes in the rigidity of labor market legislation across countries over time. Recent research identifies the origin of the legal system as being a major determinant of the cross-country variation in the rigidity of employment...

This paper examines both the determinants and the effects of changes in the rigidity of labor market legislation across countries over time. Recent research identifies the origin of the legal system as being a major determinant of the cross-country variation in the rigidity of employment...

This chapter reviews the literature on employment and labor law. The goal of the review is to understand why every jurisdiction in the world has extensive employment law, particularly employment protection law, while most economic analysis of the law suggests that less employment protection...

The rise of digital platforms through which labour is bought and sold is transforming the world of work and challenging the existing regulatory regimes that govern it. Depending on one's point of view, Uber has become the poster child or bête noir of this transformation, challenging traditional...

Anthropological evidence suggests that the human species has evolved what could be called a "trading instinct" over millions of years of Darwinian adaptation, where trade acts as a social catalyst and thus as a suppressor of violent conflict among trading groups. Yet, the geographical and...

International expansion in the retail sector is still a relatively rare strategy. Many of the world's largest retailers operate solely domestically, or in a narrow range of countries. Retailers have struggled to transfer their firm-specific advantages across international borders. In the...

While standard demand factors perform well in predicting historical trade patterns, they fail conspicuously in 2020, when pandemic-specific factors played a key role above and beyond demand. Prediction errors from a multilateral import demand model in 2020 vary systematically with the health...

This article uses the example of one of the best-known global payment systems provided by an online platform, PayPal, to analyze the role of private legal orders in creating new markets beyond jurisdictional borders. It shows that a relatively uniform legal order reduces risks involved in...