{"title":"Contract and Jurisdictional Freedom","authors":"Bruce H. Kobayashi, Larry E. Ribstein","doi":"10.1215/9780822380122-020","DOIUrl":"https://doi.org/10.1215/9780822380122-020","url":null,"abstract":"This Article provides empirical and theoretical support for the proposition that permitting actors to contract for the law that applies to their transaction would improve state rules and regulations by reducing interest group incentives to promote inefficient laws. In general, competition between lawmaking bodies limits the extent to which they can impose costs on those who have little influence on the lawmaking process because they reside outside of the jurisdiction. Enforcing bargains over applicable law is particularly effective in promoting jurisdictional competition because it significantly lowers exit costs and thereby increases jurisdictional competition as compared with a rule that forces individuals and firms physically to relocate to a particular jurisdiction in order to be subject to its laws. Although jurisdictions seek to block easy exit from their laws by imposing legal constraints on the enforceability of choice-of-law contracts, we show that a multi-stage process of jurisdictional competition tends to erode these constraints. Given our analysis, theory and data indicating that law is inefficient may be incomplete because they examine only jurisdictions' initial attempts to externalize costs rather than the ultimate outcome of jurisdictional competition. We support our conclusion by analyzing the competition effects on contractual choice of law in three areas -- corporate law, unincorporated firms, and franchise regulation. In addition to its general implications for jurisdictional competition, our analysis has specific implications for the appropriate mode of analyzing the efficiency of state law and of a federal system.","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117084924","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Decline of Formality in Contract Law","authors":"E. Posner","doi":"10.1215/9780822380122-003","DOIUrl":"https://doi.org/10.1215/9780822380122-003","url":null,"abstract":"","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129578394","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Frontmatter","authors":"","doi":"10.1515/9780822380122-fm","DOIUrl":"https://doi.org/10.1515/9780822380122-fm","url":null,"abstract":"","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124587086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Index","authors":"","doi":"10.1515/9780822380122-027","DOIUrl":"https://doi.org/10.1515/9780822380122-027","url":null,"abstract":"","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129696927","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Family Law and Social Norms","authors":"E. Posner","doi":"10.1215/9780822380122-015","DOIUrl":"https://doi.org/10.1215/9780822380122-015","url":null,"abstract":"","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129910177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"In Defense of the Old Order","authors":"T. Muris","doi":"10.1215/9780822380122-005","DOIUrl":"https://doi.org/10.1215/9780822380122-005","url":null,"abstract":"","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132300344","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Contracting around No-Fault Divorce","authors":"M. Brinig","doi":"10.1215/9780822380122-016","DOIUrl":"https://doi.org/10.1215/9780822380122-016","url":null,"abstract":"","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115356457","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Choice of Law as a Precommitment Device","authors":"G. Miller","doi":"10.1215/9780822380122-022","DOIUrl":"https://doi.org/10.1215/9780822380122-022","url":null,"abstract":"","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122663095","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Devolutionary Proposals and Contractarian Principles","authors":"Steven J. Eagle","doi":"10.1215/9780822380122-011","DOIUrl":"https://doi.org/10.1215/9780822380122-011","url":null,"abstract":"","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127920330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Free Contracting in Bankruptcy at Home and Abroad","authors":"R. K. Rasmussen","doi":"10.1215/9780822380122-019","DOIUrl":"https://doi.org/10.1215/9780822380122-019","url":null,"abstract":"","PeriodicalId":334584,"journal":{"name":"The Fall and Rise of Freedom of Contract","volume":"12 16","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113934450","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
求助内容：
应助结果提醒方式：