On Legal Cooperation and the Dynamics of Legal Convergence
In 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.
(This abstract was borrowed from another version of this item.)
|Date of creation:||2010|
|Contact details of provider:|| Postal: 12, place du Panthéon, 75230 Paris Cedex 05|
Phone: (33) 1 44 41 89 61 (66)
Fax: (33) 1 40 51 81 30
Web page: http://ermes.u-paris2.fr/
More information through EDIRC
References listed on IDEAS
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.:
- Jean-Michel Josselin & Alain Marciano, 2002. "The economics of harmonizing European law," Post-Print halshs-00076658, HAL.
- Nuno Garoupa & Anthony Ogus, 2006.
"A Strategic Interpretation of Legal Transplants,"
The Journal of Legal Studies,
University of Chicago Press, vol. 35(2), pages 339-363, 06.
- Loeper, Antoine, 2011.
"Coordination in heterogeneous federal systems,"
Journal of Public Economics,
Elsevier, vol. 95(7-8), pages 900-912, August.
- Ricardo Alonso & Wouter Dessein & Niko Matouschek, 2008.
"When Does Coordination Require Centralization?,"
American Economic Review,
American Economic Association, vol. 98(1), pages 145-179, March.
- Baniak Andrzej & Grajzl Peter, 2011.
"Interjurisdictional Linkages and the Scope for Interventionist Legal Harmonization,"
Review of Law & Economics,
De Gruyter, vol. 7(2), pages 405-434, December.
- Andrzej Baniak & Peter Grajzl, 2010. "Interjurisdictional Linkages and the Scope for Interventionist Legal Harmonization," CESifo Working Paper Series 3085, CESifo Group Munich.
- Bertrand Crettez & Régis Deloche, 2006. "On the unification of legal rules in the European Union," European Journal of Law and Economics, Springer, vol. 21(3), pages 203-214, May.
- Casella, Alessandra, 2001. "Product Standards and International Trade: Harmonization through Private Coalitions?," Kyklos, Wiley Blackwell, vol. 54(2-3), pages 243-264.
- Armour, John & Deakin, Simon & Sarkar, Prabirjit & Siems, Mathias & Singh, Ajit, 2007.
"Shareholder protection and stockmarket development: an empirical test of the legal origins hypothesis,"
39055, University Library of Munich, Germany.
- John Armour & Simon Deakin & Prabirjit Sarkar & Mathias Siems & Ajit Singh, 2007. "Shareholder Protection and Stock Market Development: An Empirical Test of the Legal Origins Hypothesis," ESRC Centre for Business Research - Working Papers wp358, ESRC Centre for Business Research.
- John Armour & Simon Deakin & Prabirjit Sarkar & Mathias Siems & Ajit Singh, 2008. "Shareholder Protection and Stock Market Development: An Empirical Test of the Legal Origins Hypothesis," WEF Working Papers 0041, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
- Monheim-Helstroffer, Jenny & Obidzinski, Marie, 2010.
"Optimal discretion in asylum lawmaking,"
International Review of Law and Economics,
Elsevier, vol. 30(1), pages 86-97, March.
When requesting a correction, please mention this item's handle: RePEc:erm:papers:1013. 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 references are entirely missing, you can add them using this form.