The Law and Economics of Legal Parochialism
Nuno M. Garoupa
University of Illinois College of Law
April 1, 2011
University of Illinois Law Review, 2011
Illinois Program in Law, Behavior and Social Science Paper No. LBSS11-19
Law and economics is influential in American legal scholarship, but not as much elsewhere. Different explanations have been suggested for this. In this Article, I argue that the problems faced by law and economics outside of the United States are neither particular to the field nor to the local context. I offer an interpretation based on the similarities between legal parochialism and trade protectionism. A tentative prediction is that globalization in legal markets might change the current patterns.
Number of Pages in PDF File: 17Accepted Paper Series
Date posted: April 23, 2011
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