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Towards an Institutional Legal Framework for Regulatory Competition in Europe

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Author Info
Van den Bergh, Roger
Abstract

Diversity in legal rules allows to satisfy a larger number of preferences and safeguards the benefits of competition as a learning process. Harmonisation of laws should be limited to fields of law where economic distortions, such as a "race to the bottom" or significant negative externalities across jurisdictions, occur or significant scale economies can be achieved. Harmonisation measures should be well targeted at the issues at stake. The risk of political distortions must equally be minimised. To improve upon the existing quasi-constitutional framework, the paper proposes integrated step-by-step Guidelines for decision-making by the European regulator. Copyright 2000 by WWZ and Helbing & Lichtenhahn Verlag AG

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Article provided by Blackwell Publishing in its journal Kyklos.

Volume (Year): 53 (2000)
Issue (Month): 4 ()
Pages: 435-66
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:bla:kyklos:v:53:y:2000:i:4:p:435-66

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  2. Klaus Heine & Wolfgang Kerber, 2002. "European Corporate Laws, Regulatory Competition and Path Dependence," European Journal of Law and Economics, Springer, vol. 13(1), pages 47-71, January. [Downloadable!] (restricted)
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  9. SALMON, Pierre, 2002. "Accounting for centralisation in the European Union : Niskanen, Monnet or Thatcher?," LATEC - Document de travail - Economie (1991-2003) 2002-05, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne. [Downloadable!]
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