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This article is the first sustained economic analysis of personal jurisdiction. It argues that plaintiffs should be able to sue where they purchased a product which caused injury. Such a rule allows manufacturers to set prices which take into account the quality of the forum state’s courts. If...
Persistent link: https://www.econbiz.de/10014173980
Economists have documented pervasive correlations between legal origins, modern regulation, and economic outcomes around the world. Where legal origin is exogenous, however, it is almost perfectly correlated with another set of potentially relevant background variables: the colonial policies of...
Persistent link: https://www.econbiz.de/10014179220
Legal historians currently make remarkably little use of economic theory or of statistical tests. The neglect of economics and statistics may reflect misperceptions of these fields, both of which have changed dramatically in the last two decades. For example, legal historians may reject economic...
Persistent link: https://www.econbiz.de/10014106659
Judges decide cases. Do they also try to influence which cases they decide? Clearly plaintiffs “shop” for the most attractive forum, but do judges try to attract cases by “selling” their courts? Some American judges actively try to enlarge their influence by making their courts...
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In their 1984 article, “The Selection of Disputes for Litigation,” Priest and Klein famously hypothesized a “tendency toward 50 percent plaintiff victories” among litigated cases. Nevertheless, many scholars doubt the validity of their conclusions, because the model they relied upon does...
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