The Legal-Economic Performance framework

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Chapter 4 in The Legal Foundations of Micro-Institutional Performance, 2022, pp 86-116 from Edward Elgar Publishing

Abstract: This chapter introduces the Legal-Economic Performance framework. It starts with the identification of an economic situation where agents are interacting with or in interdependence with each other. The Hohfeldian framework is used to identify the status quo and understand the current structure of legal relations. Once the analyst has identified a situation of interdependence, the next step is to identify the institutional (legal) options available to address the interdependence. This is where the analyst considers all of the possible alternatives that are available and the Hohfeldian language of legal structure and legal change come into play. Finally, the third part of our new framework is the determination of economic performance and distributional outcomes from the intersection of the situation, the structural components and assumptions about human conduct or behavior.

Keywords: Development Studies; Economics and Finance; Environment; Law - Academic (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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