On Legal Cooperation and the Dynamics of Legal Convergence
AbstractIn this paper, we study the dynamics of legal convergence and the comparison between the different instruments of legal convergence based on cooperative strategies (i.e., harmonization and unification) or not. To study these questions we use a model with two nation-states which is inspired in part by that used in Carbonara and Parisi (2008) where preferences of each nation-state are such that it is costly to change the law, but it is also costly to have a different legal system from the other nation-state. We show that legal unification could be achieved in the long-run through small step by step changes despite the existence of huge harmonization costs in the short run. We also show that legal cooperation is not always necessary to achieve legal convergence.
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Bibliographic InfoPaper provided by ERMES, University Paris 2 in its series Working Papers ERMES with number 1013.
Date of creation: 2010
Date of revision:
Other versions of this item:
- Bertrand Crettez & Bruno Deffains & Olivier Musy, 2010. "On Legal Cooperation and the Dynamics of Legal Convergence," EconomiX Working Papers 2010-17, University of Paris West - Nanterre la Défense, EconomiX.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- K00 - Law and Economics - - General - - - General (including Data Sources and Description)
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