Effectuating Public International Law Through Market Mechanisms?
Journal of Institutional and Theoretical Economics (JITE), Vol. 165, No. 1, pp. 33-57
27 Pages Posted: 2 Sep 2008 Last revised: 16 Jul 2014
Date Written: October 31, 2008
Traditionally, the enforcement of Public International Law (PIL) was a task of states: the addressees and the enforcers of PIL were states. That has changed recently. Whereas the influence of private market actors on the making of PIL has been extensively analyzed, the influence of private market actors on the enforcement has been neglected although the idea of using private interests in order to foster social goals has a long history. This article draws on theoretical insights of a rational-choice approach to PIL in order to analyze the prerequisites of effectuating PIL through private market actor incentives and market mechanisms.
Keywords: Public International Law, Enforcement, Market mechanisms
JEL Classification: K33, F55, F59
Suggested Citation: Suggested Citation