law market, market for legal systems, regulatory compe-tition, legal systems, forum shopping, lawmaking, legal mobility
Scholars increasingly use expressions such as “regulatory com-petition” or even “law market” to illustrate the new global legal system and the rivalry between national laws. This paper scrutinizes the legitimacy of the application of such economic concepts to legal systems’ interactions. An economic analysis could allow us to, more precisely, delimit the factors of convergence (leading to unity) and divergence (leading to diversity) between national legal systems due to competitive strategies (namely differentiation and alignment) and the consequences for the regulation of legal systems’ interactions.
Economic Analysis of the Interaction Between National Legal Systems: A Contribution to the Understanding of Legal Diversity and Legal Unity,
11 J. Civ. L. Stud.
Available at: https://digitalcommons.law.lsu.edu/jcls/vol11/iss2/4