IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Le opzioni nel mercato delle regole

Listed author(s):
  • Nicita Antonio
  • Pardolesi Roberto
  • Rizzolli Matteo

To our knowledge, the present paper is the first attempt to square some sections of the Italian civil code within the framework of the optional law theory, which is an extension of the Calabresi & Melamed celebrated contribution. Specifically, the paper focuses on the economic analysis of some norms related to property that take the form of "put"-option rules. Acknowledging the existence of this kind of rules in the law rises several implications: far from being a mere curiosity to legal scholars, optional rules have been shown to possess the potential of being a driver of efficiency in transactions, and this potential is largely unexplored. The presence of these rules in the Italian civil code - whereas nothing analogue has been found in American law -, jeopardizes recurring claims in the litterature about the higher flexibility and evolutionary fitness of the common law, on the other hand reveals once again the relevance of a law & economic approach to traditional areas of civil law such as the one concerning property.Il presente lavoro è il primo tentativo di applicare la c.d. "optional law" - impostazione giuseconomica che deriva da un'estensione del celebre contributo di Calabresi e Melamed (1972) e valorizza la teoria delle opzioni - al diritto civile italiano. L'attenzione è in particolare rivolta all'analisi economica di alcune norme, riguardanti la tutela della proprietà privata, che sembrano contenere "regole put". Il riconoscimento dell'esistenza di questo tipo di regole nel nostro ordinamento ha diverse implicazioni: lungi dal rappresentare una mera curiosità giuridica, le regole "opzionali" sembrano costituire un veicolo di efficienza delle transazioni, quasi del tutto inesplorato tanto dai giuristi, quanto dagli economisti. La circostanza che tali regole siano già presenti nel nostro codice civile (mentre sembrano mancare nel diritto americano), da una parte mina consolidate convinzioni circa la superiorità del "common law" sul piano della flessibilità e adattabilità; dall'altra, dimostra, una volta di più, la rilevanza dell'analisi economica del diritto anche negli ambiti più tradizionali dell'impianto civilistico, qual è quello della tutela della proprietà privata.

If 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.

File URL:
Download Restriction: Access to full text is restricted to subscribers

File URL:
Download Restriction: no

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Società editrice il Mulino in its journal Mercato Concorrenza Regole.

Volume (Year): (2006)
Issue (Month): 2 ()
Pages: 239-284

in new window

Handle: RePEc:mul:jhpfyn:doi:10.1434/22653:y:2006:i:2:p:239-284
Contact details of provider: Web page:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:mul:jhpfyn:doi:10.1434/22653:y:2006:i:2:p:239-284. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.