International Seminars on the New Institutional Economics

There is strong resistance against the commercialization of some goods and services. If a person holding public authority sells her decisions, this is regarded as corruption. Most countries are also opposed against selling organs, university admission, or opportunities to clerk with prestigious courts. Yet decisions have to be made, and frequently demand exceeds supply. How can these decisions be made convincingly? more

There is strong resistance against the commercialization of some goods and services. If a person holding public authority sells her decisions, this is regarded as corruption. Most countries are also opposed against selling organs, university admission, or opportunities to clerk with prestigious courts. more

The empirical legal movement is gaining momentum rapidly. Most contributions consist of applying the best empirical methods from the social sciences to legal issues. But the law is not always best served by applying the tried and tested empirical tools. more

Legal obligations are not always fulfilled. This is when the obligation matters in court. Which remedy should courts grant? In economic perspective, the prospect of the remedy constitutes a game. By specifying the remedy, the legal order gives the parties incentives for action and investment choices. more

Legal relations quite often have effects that transgress the parties who initially created the relationship. The provider of a trading platform regulates trade in the interest of increasing volume. A seller trades a stolen good. more

Does the law deliver?

June 01, 2014

In a consequentialist perspective, the law is a governance tool. It then is an empirical question whether the law actually achieves its assigned goals. more

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