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The Law Market
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The Law Market

Larry E. Ribstein and Erin O'Hara

Abstract

Cheaper transportation, faster communication, and lowered trade barriers have made people, firms, and their assets much more mobile. This increasing mobility has strained traditional notions that laws operate within geographic borders. Instead, some nations find their laws powerless to control or regulate behavior, while others pass laws that have profound effects on assets and activities worldwide. Today, states increasingly act as hawkers of legal rules in a market for law where people and firms often can shop for those regimes that they find most desirable. A California resident can incorpo ... More

Keywords: international trade, choice-of-law, law market, corporate governance, securities law, franchise regulation, trust law, marriage, surrogacy, contract law

Bibliographic Information

Print publication date: 2009 Print ISBN-13: 9780195312898
Published to Oxford Scholarship Online: May 2009 DOI:10.1093/acprof:oso/9780195312898.001.0001

Authors

Affiliations are at time of print publication.

Larry E. Ribstein, author
University of Illinois at Urbana-Champaign
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Erin O'Hara, author
Vanderbilt University Law School
Author Webpage