The Economics of Legal Harmonization

ENCYCLOPEDIA OF LAW AND ECONOMICS, SECOND EDITION, VOL. 7, 2011

13 Pages Posted: 13 Oct 2010 Last revised: 12 Feb 2015

See all articles by Enrico Baffi

Enrico Baffi

Università degli Studi Guglielmo Marconi

Paolo Santella

Single Resolution Board

Date Written: October 12, 2010

Abstract

The current literature on the Economics of Legal Harmonization consists mainly in the study of contract and corporate law with the aim of verifying whether harmonization produces efficient results within the US federal context. More recent studies have begun to examine the efficiency of the harmonization process under way within the European Union with reference to the entire reach of European Law, finding that in several cases inefficient solutions have resulted. The theoretical literature on legal harmonization provides instruments that allow to identify the institutional dynamics that produce such results.

Keywords: Legal Harmonization, Economics of Federalism, Contract Law, Company Law, European Law

JEL Classification: H77, K22, K4

Suggested Citation

Baffi, Enrico and Santella, Paolo, The Economics of Legal Harmonization (October 12, 2010). ENCYCLOPEDIA OF LAW AND ECONOMICS, SECOND EDITION, VOL. 7, 2011, Available at SSRN: https://ssrn.com/abstract=1690967 or http://dx.doi.org/10.2139/ssrn.1690967

Enrico Baffi

Università degli Studi Guglielmo Marconi ( email )

via Parigi 44
Italy

Paolo Santella (Contact Author)

Single Resolution Board

Rue de la Science 27
Bruxelles, 1000
Belgium

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