Production of Legal Rules

Edited by Francesco Parisi, Oppenheimer Wolff and Donnelly Professor of Law, University of Minnesota Law School, US and Professor of Economics, University of Bologna, Italy

• Contents:IntroductionPART I: LEGISLATION AND REGULATION1. Constitutional Design of LawmakingStefan Voigt2. General Characteristics of RulesLouis Kaplow3. Rules versus StandardsBarbara Luppi and Francesco Parisi4. The Optimal Timing of LawmakingNita Ghei5. Production of Legal Rules by Agencies and BureaucraciesGeorg von WangenheimPART II: JUDGE-MADE LAW6. Judge-made LawPaul H. Rubin7. Common Law and Economic Efficiency Todd J. Zywicki and Edward Peter Stringham8. Bias in the Common LawJef De Mot9. Legal Traditions and Economic Performance: Theory and EvidenceCarmine GuerrieroPART III: SOCIAL NORMS AND CUSTOMS10. The Focal Point Theory of Expressive LawRichard H. McAdams11. Countervailing Norms Emanuela Carbonara, Francesco Parisi and Georg von Wangenheim12. Social Stigma Michael Faure and Laarni Escresa13. Self-regulationAnthony Ogus and Emanuela Carbonara PART IV: INTERNATIONAL LAW14. International Law as a Source of LawPaul B. Stephan15. International TreatiesVincy Fon16. Customary International Law Jef De Mot, Vincy Fon and Francesco Parisi17. International Organization: Institutions and Order in World PoliticsAlexander Thompson and Duncan Snidal PART V: FEDERALISM, LEGAL HARMONIZATION AND DEVELOPMENT18. Federalism Robert P. Inman and Daniel L. Rubinfeld19. Legal HarmonizationEnrico Baffi and Paolo Santella20. Forum Shopping and the Evolution of Rules of Choice of LawNita Ghei21. The Law and Economics of Regulatory CompetitionJonathan Klick22. Growth-oriented Legal ReformsRobert Cooter and Hans-Bernd SchäferIndex

’The economic analysis of the production of legal rules has been so far spread over many legal books and articles focusing on other topics. This fascinating volume, edited by Francesco Parisi, is the first book dealing with the production of legal rules in a systemic and comprehensive way. A dream-team of scholars from both the United States and Europe, use economics tools to investigate legislation, regulation, judge-made law, social norms, customary law, and international law. Legislators, regulators, judges, economists, practicing and academic lawyers should not miss reading this book.’- Ariel Porat, Tel Aviv University, Israel