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The Law and Economics of Legal ParochialismNuno M. GaroupaUniversity 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 Abstract: 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: 17 Accepted Paper SeriesDate posted: April 23, 2011Suggested CitationContact Information
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