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This book explores the relative advantages and limits of alternative sources of law. Professors Francesco Parisi and Vincy Fon view the sources of law through a law and economics lens, and consider the important issue of institutional design in lawmaking. They consider the respective advantages and proper scope of application of four fundamental sources of law: legislation, judge-made law, customary law, and international law. The defining features of these four sources of law are examined using the formal methods of public choice theory.

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Produktbeschreibung
This book explores the relative advantages and limits of alternative sources of law. Professors Francesco Parisi and Vincy Fon view the sources of law through a law and economics lens, and consider the important issue of institutional design in lawmaking. They consider the respective advantages and proper scope of application of four fundamental sources of law: legislation, judge-made law, customary law, and international law. The defining features of these four sources of law are examined using the formal methods of public choice theory.

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Autorenporträt
Francesco Parisi is a Professor of Law at the University of Minnesota Law School and a Professor of Economics at the University of Bologna, Department of Economics. In 2002, he was appointed Professore Ordinario per Chiara Fama at the University of Milan (Statale) where he held a Chair in Private Law. From 1993 to 2006, he taught at George Mason University where he served as Professor of Law & Director of the Law and Economics Program and as an Associate Director of the J.M. Buchanan Center for Political Economy. Professor Parisi received his D.Jur. degree from the University of Rome "La Sapienza", an LL.M., a J.S.D. and an M.A. degree in Economics from the University of California at Berkeley and a Ph.D in Economics from George Mason University. He is the author of ten books and over one-hundred and fifty papers in the field of law and economics. Professor Parisi currently serves as Editor-in-Chief of the Review of Law and Economics and the Supreme Court Economic Review. He is a member of the board of editors of the International Review of Law and Economics, the journal of Public Choice, and the American Journal of Comparative Law. Vincy Fon teaches Economics at the George Washington University and received her PhD in economics from the University of Kansas. Her research areas include law and economics and applied microeconomics. Among other courses, she teaches graduate microeconomics, undergraduate law and economics, and undergraduate game theory. She has served as a program director in the economics program at the National Science Foundation and as a consultant for the World Bank.