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Convergence of Legal Rules: Comparing Cooperative and Non-Cooperative Processes

Author

Listed:
  • Crettez Bertrand
  • Deffains Bruno

    (CRED, Paris Center for Law & Economics, University Panthéon-Assas Paris II, Paris, France)

  • Musy Olivier

    (EconomiX, University Paris-Ouest Nanterre La Défense, 200 Avenue de la République, Building G, Office 517C - 92001 Nanterre Cedex)

Abstract

Legal scholars distinguish two modes of international legal cooperation: minimum legal harmonization and full harmonization (i.e. legal unification). These cooperative choices imply more or less stringent requirements and are opposed to non cooperative, unilateral legal changes. This paper is an attempt to model these alternative modes of legal adjustments and to compare their properties regarding legal convergence. We show that all arrangements can lead to legal uniformity. We also show that decentralized processes can be better than more centralized arrangements.

Suggested Citation

  • Crettez Bertrand & Deffains Bruno & Musy Olivier, 2016. "Convergence of Legal Rules: Comparing Cooperative and Non-Cooperative Processes," Review of Law & Economics, De Gruyter, vol. 12(1), pages 13-35, March.
    • Handle: RePEc:bpj:rlecon:v:12:y:2016:i:1:p:13-35:n:4
    DOI: 10.1515/rle-2014-0016
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    References listed on IDEAS

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