Abstract

http://ssrn.com/abstract=1304120
 
 

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Optimal Timing of Legal Intervention: The Role of Timing Rules


Barbara Luppi


Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics; University of St. Thomas School of Law

Francesco Parisi


University of Minnesota - Law School; University of Bologna

November 19, 2008

Minnesota Legal Studies Research Paper No. 08-45

Abstract:     
In a recent article, Gersen and Posner (2007) examined the role of timing rules in promoting the optimal timing of legislative action. In this brief essay, we address the issue of optimal timing of lawmaking through the lens of option theory. We provide a formalization of seven alternative timing rules and evaluate the option value of those legislative strategies. This formalization allows us to evaluate the desirability of alternative timing rules in different regulatory environments.

Number of Pages in PDF File: 18

Keywords: Legislation, timing, option value, rules, standards

JEL Classification: G13, K10, K20

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Date posted: November 21, 2008  

Suggested Citation

Luppi, Barbara and Parisi, Francesco, Optimal Timing of Legal Intervention: The Role of Timing Rules (November 19, 2008). Minnesota Legal Studies Research Paper No. 08-45. Available at SSRN: http://ssrn.com/abstract=1304120 or http://dx.doi.org/10.2139/ssrn.1304120

Contact Information

Barbara Luppi
Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics ( email )
Viale Berengario 51
41100 Modena, Modena 41100
Italy
University of St. Thomas School of Law
MN
United States
Francesco Parisi (Contact Author)
University of Minnesota - Law School ( email )
229 19th Avenue South
Minneapolis, MN 55455
United States
University of Bologna ( email )
Piazza Scaravilli 1
40126 Bologna, fc 47100
Italy
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