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The Legal-Economic Performance framework

In: The Legal Foundations of Micro-Institutional Performance

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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.

Suggested Citation

  • ., 2022. "The Legal-Economic Performance framework," Chapters, in: The Legal Foundations of Micro-Institutional Performance, chapter 4, pages 86-116, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21138_4
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    Cited by:

    1. Muhammad Sheraz Ahsan & Ejaz Hussain & Zahir Ali & Jaap Zevenbergen & Salman Atif & Mila Koeva & Abdul Waheed, 2023. "Assessing the Status and Challenges of Urban Land Administration Systems Using Framework for Effective Land Administration (FELA): A Case Study in Pakistan," Land, MDPI, vol. 12(8), pages 1-27, August.

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