McCahery, Joseph (1997) Regulatory competition, economic regulation, and law. PhD thesis, University of Warwick.

Preview

PDF WRAP_THESIS_McCahery_1997.pdf - Submitted Version - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader Download (26Mb)

Abstract

One often meets the view that economic regulation should be understood in terms of Pareto efficiency. Economic theories of law have traditionally focused on concepts such as market failure, efficiency, and inefficiency. Proponents assume that under the conditions of perfect competition, rational economic actors will enact courses of action that tend to induce Pareto outcomes. The idea of perfect competition means that markets which are competitive will induce efficient outcomes. The perfect competition approach has focused on the conception of market failure as the foundation for designing regulatory policy. Until recently, lawyers overwhelmingly relied upon a model of economic contract, developed over the last two decades in law and economics, as a normative structure to guide efficient decision-making.

Item Type:	Thesis or Dissertation (PhD)
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce K Law > K Law (General)
Library of Congress Subject Headings (LCSH):	Economic policy, Law and economics, Business enterprises -- Law and legislation
Date:	July 1997
Institution:	University of Warwick
Theses Department:	Department of Law
Thesis Type:	PhD
Publication Status:	Unpublished
Extent:	2 v. (x, 484 leaves)
Language:	eng
URI:	http://wrap.warwick.ac.uk/id/eprint/34750

Request changes to a record

Actions (login required)

View Item