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The choice in the lawmaking process
Peter Grajžl, Valentina Dimitrova-Grajzl, 2008, other component parts

Abstract: We develop a model of lawmaking to study efficiency implications of, and variation in, jurisdictions' choices between promulgation of indigenously developed laws and legal transplants. Our framework emphasizes the sequential nature of lawmaking, the ubiquity of uncertainty, considerations about ex-antepromulgation versus ex-post adjustment costs, and the importance of the political context of legal reform. In discerning the patterns of in efficiencies in both transplantation and indigenous lawmaking, we elucidate the role of heterogeneity of interests and adaptability of a legal system. We also find that domestic corruption per se need not justify transplantation of foreign legal models. Our results support the view that local conditions are acrucial determinant of the appropriate path of legal reform.
Found in: osebi
Keywords: lawmaking process, uncertainty, legal transplants, indigenous law, interest groups
Published: 15.10.2013; Views: 1795; Downloads: 10
URL Full text (0,00 KB)

Essays in Comparative Institutional Economics
Peter Grajžl, 2005, doctoral dissertation

Abstract: This dissertation examines how decentralized institutional structures and organizational forms evolve and affect economic development under different politico-economic and legal arrangements. Organized legal professions are typically viewed by economists as rent-seeking interest groups - even though they have been central in institutional development in countries with the highest quality institutions. Chapter 1 develops a model that identifies the link between the role of organized legal professions and the quality of reform. Delaying institutional reform through deliberation, the profession's participation discounts the expected benefit from welfare-inferior reform proposal for rent-seeking interest groups. Professional review serves as a screening mechanism ameliorating the self-interested government's adverse selection problem. The model's predictions cast new light on the Glorious and the French revolutions, post-communist transition, why and when civil law and common law systems ...
Found in: osebi
Keywords: ekonomija, ekonomska teorija, civilna družba, pravni sistem, zgodovina
Published: 15.10.2013; Views: 2330; Downloads: 21
URL Full text (0,00 KB)

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