Posiciones legales y complementariedades institucionales

Ugo Pagano

Revista de Economía Institucional, 2003, vol. 5, issue 9, 17-54

Abstract: Legal positions (such as rights, duties, liberties, powers, liabilities and immunities) are linked together by strong institutional complementarities that differ from the usual institutional complementarities that have been recently considered in economic literature. Legal positions not only satisfy the usual conditions of institutional complementarity stemming from the fact that legal positions that “fit” together are marginally better than those that do not. They also define legal equilibria characterized by the social scarcity constraint that is typical of positional goods.

Keywords: legal positions; institutional complementarities; contracts; property law; industrial organization; capitalist systems (search for similar items in EconPapers)
JEL-codes: J41 J50 K11 K12 K22 K31 L20 P10 (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rei:ecoins:v:5:y:2003:i:9:p:17-54

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