In search for rules that secure gains from cooperation: the heuristic value of social dilemmas for normative institutional economics

We ask how normative statements are possible within an economic theory framework that recognises the importance of institutional arrangements. Instead of applying established outcome-oriented criteria of social welfare, we examine whether the rules of economic interaction allow the acquisition of gains from cooperation. We suggest to reconstruct any interaction as an existing or repealed social dilemma. This approach helps to identify common rule interests which create room for improvement of all parties involved, and to suggest desirable institutional reforms. Our policy applications include the unemployment problem and rural credit markets.      

The legal landscape for advanced therapies: material and institutional implementation of European Union rules in France and the United Kingdom

In 2007, the European Union adopted a lex specialis, Regulation (EC) No. 1394/2007 on advanced therapy medicinal products (ATMPs), a new legal category of medical product in regenerative medicine. The regulation applies to ATMPs prepared industrially or manufactured by a method involving an industrial process. It also provides a hospital exemption, which means that medicinal products not regulated by EU law do not benefit from a harmonized regime across the European Union but have to respect national laws. This article describes the recent EU laws, and contrasts two national regimes, asking how France and the United Kingdom regulate ATMPs which do and do not fall under the scope of Regulation (EC) No. 1394/2007. What are the different legal categories and their enforceable regimes, and how does the evolution of these highly complex regimes interact with the material world of regenerative medicine and the regulatory bodies and socioeconomic actors participating in it?     

Autism in the U.S.: social movement and legal change

The social movement surrounding autism in the U.S. has been rightly defined a ray of light in the history of social progress. The movement is inspired by a true understanding of neuro-diversity and is capable of bringing about desirable change in political discourse. At several points along the way, however, the legal reforms prompted by the autism movement have been grafted onto preexisting patterns of inequality in the allocation of welfare, education, and medical services. In a context most recently complicated by economic recession, autism-driven change bears the mark of political and legal fragmentation. Distributively, it yields ambivalent results that have not yet received systemic attention. This article aims to fill this analytical vacuum by offering, first, a synoptic view of the several legal transformations brought about or advocated for by the autism movement and, second, a framework for investigating their distributive consequences.     

Law and economics of training: a taxonomy of the main legal and institutional tools addressing suboptimal investments in human capital development

Economic literature has widely acknowledged the growing role of firm training in the knowledge economy. Training fosters labour productivity, boosts competitiveness, and strengthens firms’ capacity to innovate. This key role of training, however, raises relevant issues in terms of the optimal level of the corresponding investment. In fact firms that bear training costs may not be able to fully appropriate the relevant benefits. In addition training may facilitate structural changes and stimulate growth nationwide. Efficiency reasons thus justify the existence of legal and/or institutional tools, either voluntary or mandatory, aimed at addressing suboptimal investments in human capital development. The purpose of this study is to draw a systematic taxonomy of the main legal and institutional devices able to address the underlying inefficiencies of training investments. Training is on the top of the political agenda in many countries. The European Union is committed to increase adults’ participation in lifelong learning and to improve the quality of training programs and institutions. However, while training is of increasing political interest, a proper tool-box for policy makers is still missing.     

The behavioural consequences of institutional rules: republicans in the US house

The Republicans gained a majority in the US House from the 1994 elections, and upon taking office they rewrote the rules that determine legislative power relations. This paper combines a 1996 attitudinal survey of US Representatives with demographic information, status within the House, and party position to examine the impact of the 1995 rule changes on satisfaction, ambition, and retirement. This paper demonstrates that member reactions to reform are explained jointly by their partisanship and their relative position within their party. Senior members of any party dislike rules making power more exclusive, and dissatisfaction increases the likelihood of retirement.     

论法律意义上的仲裁地点及其确定

The paper studies the concept of the place of arbitration in comparing with the legislation and practices of international commercial arbitration. It also stresses on the connection and distinction between the place of arbitration, the place of hearing, and the place where the arbitration tribunal deliberates the case, as well as the method of deciding the place of arbitration. The author also analyzes the current legislation and practices of the determination on the place of arbitration in China. The paper pointed out that it is important in both theory and practice to promote international arbitration in China and amend domestic arbitration legislation in determing place of arbitration properly. Zhao Xiuwen, professor, has been teaching international business law in the law school of Renmin University of China since 1984. She used to be a Fulbright research scholar in Georgetown Law Center of George Washington University and other universities (USA), and as a visiting professor in universities and research institutes (UK, Germany, Italy, Austria and Australia). She also works in the panel of China International Economic & Trade Arbitration Commission (CIETAC), World Intellectual Property Organization (WIPO), Chartered Institute of Arbitrators (CIArb), Singapore International Arbitration Center (SIAC) and some local arbitration commissions in China. She is the author of several books and dozens of articles in the field of international business law and commercial arbitration, i.e. arbitration system in Hong Kong, international economic law, private international law, copyright, international commercial arbitration, international economic and trade arbitration law, etc.     

商事登记法律性质辨析:法经济学的视角

商事登记制度的产生具有自发性、自觉性,商事登记规则的形成是商事交易的客观需要使然。法律作为一种规则体系必定是社会生活事实需要的产物和制度的体现,法律规范应该是对社会经济事实客观的"映照,"而非主观的"塑造"。因此,对商事登记法律性质的解释不应是学术的,而应是经济的。后现代结构方法主张视角多元主义,克服定式化思维。突破商事登记法律行为公私法性质定式的牢笼,探求其背后的经济本性,于实务更有裨益。     

On the unification of legal rules in the European Union

Unification of legal rules in Europe is not a new phenomenon. However, nowadays, Europe is still an area with many different jurisdictions. This paper studies the process of unification of legal rules in the European Union within a non-cooperative game-theoretical framework. This paper contributes to the understanding of the process by concentrating on the role of the European Commission. In the law-and-economics literature, it is argued that national legal rules will converge more or less spontaneously through the works of legislators and judges. But legal convergence in the European Union is not inevitable: preferences toward legal rules differ across nation-states; substituting a legal system for another one is costly; a coordination problem may arise. We first study the interactions of two nation-states who choose non-cooperatively their legal rules. We shall argue that the action of the Commission is, at first sight, likely to eliminate the coordination problem (under certain conditions). Two factors are at work. First, the Commission has a certain expertise which enables it to propose new and perhaps more efficient rules (so that the choice of unification does not reduce to select a particular nation-state legal system). Second, the Commission may use a system of fines that induces nation-states to abide by its rules (once these rules are adopted by nation-states). Next, we refine our first model: the process of legal unification is viewed as a game where nation-states choose the game that they will play. They choose if they will try to reach an agreement without resorting to the actions of the Commission, or if they will play the game implicitely proposed by the Commission. This captures more precisely the action of the Commission, its ‘right of initiative’’, the publication of proposals in ‘green’’ or ‘white papers’’. In this second model, a coordination problem may arise. JEL Classification C72 · K00     

The proper age to marry: social norms and behavior in nineteenth-century Netherlands.

"The article compares publicly discussed norms concerning the proper age at marriage for men and women in nineteenth-century Netherlands, and the actual trends present in the empirical evidence about marriage age. Medical professionals (the hygienists) expressed the belief that marriage at too young an age was damaging both to public hygiene and the family's health; other commentators stressed the connection between young marriages and poverty. Yet such norms were put forward vaguely, allowing other influences on marriage age to come into play. Consequently, data on marital behavior suggest considerable diversity in the population, with age at marriage varying strongly by class, sex, and region. Generally, age at marriage did not begin to fall until the period 1860-1870, and even after that decade class differences remained strong."