Unifying Commercial Laws of Nation-States Coordination of Legal Systems and Economic Growth
AbstractThis paper analyzes unifications of nationally defined commercial laws within an elementary non-cooperative game-theoretical framework. In the absence of any coordination, it is far from obvious that nation-states will ever succeed in selecting the very same commercial laws. Yet, as the gains to be reaped by adherence to the same commercial laws may not necessarily be distributed equally among the nation-states involved, coordination may be quite difficult to achieve. In this respect, a nation-state that is better able to spur economic growth than all other nation-states will be able to influence the outcome of any coordination of decisions between nation-states in a profound way. This is because nation-states may voluntarily seek to adopt the legal rules of a nation-state that is strongest able to boost economic growth into a uniform commercial law. Thereby, nation-states may most stimulate their exports to and capital investments from the nation-state that is the strongest engine of economic growth.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 027.
Date of creation: 2002
Date of revision:
Contact details of provider:
Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-02-24 (All new papers)
- NEP-DEV-2003-02-24 (Development)
- NEP-LAW-2003-02-24 (Law & Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mattei, Ugo, 1994. "Efficiency in legal transplants: An essay in Comparative Law and Economics," International Review of Law and Economics, Elsevier, vol. 14(1), pages 3-19, March.
- Robert J. Barro, 1996.
"Determinants of Economic Growth: A Cross-Country Empirical Study,"
NBER Working Papers
5698, National Bureau of Economic Research, Inc.
- Robert J. Barro, 1998. "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522543, June.
- Herings,P. Jean-Jacques, 2001. "Coordinating Thoughts on Coordination Failures," Research Memoranda 018, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
- John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, June.
- Bertrand Crettez & Bruno Deffains & Régis Deloche, 2009. "On the optimal complexity of law and legal rules harmonization," European Journal of Law and Economics, Springer, vol. 27(2), pages 129-142, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Charles Bollen).
If references are entirely missing, you can add them using this form.