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Harmonisation du Hayek et Posner: Posner, Hayek et l'analyse économique du droit
[Harmonising Hayek and Posner: revisiting Posner, Hayek & the economic analysis of Law]

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  • Ojo, Marianne

Abstract

This paper is aimed at highlighting Posner and Hayek’s consensus on the importance of decentralization, as well as the significance of the incorporation of non-legal actors as tools for facilitating the efficient allocation of resources in common law. In addition to highlighting the consensus on the views of Posner and Hayek, in respect of decentralization of information within the judicial process, this paper aims to address why decentralization serves as a vital tool in facilitating the objective of common law as an efficiency allocation mechanism. Whilst it is argued that lower court judges may not and should not be given such flexibility to make and unmake the law, the principles and decisions of law lords acting in the capacity of legislature, have also illustrated in several leading cases that the flexibility intended by Parliament may be misinterpreted and wrongly applied in future cases. This has also resulted in the criticism of extrinsic aids to statutory interpretation. This paper analyses and expands on these observations. Ce document vise à mettre en évidence le consensus Posner et Hayek sur l'importance de la décentralisation, ainsi que l'importance de l'intégration des acteurs non juridiques comme des outils pour faciliter l'allocation efficace des ressources dans le droit commun. En plus de souligner le consensus sur les points de vue des Posner et Hayek, en ce qui concerne de centralisation de l'information dans le processus judiciaire, ce document vise à expliquer pourquoi de la centralisation sert comme un outil essentiel dans la facilitation de l'objectif du droit commun comme une répartition de l'efficacité mécanisme. Alors il est soutenu que juges des tribunaux inférieurs peuvent pas et ne doivent pas être administrés tels flexibilité pour faire et défaire la loi, les principes et les décisions des lords juristes agissant en qualité de législateur, ont également illustré conduisant dans plusieurs cas que la flexibilité voulue par Le Parlement peut être mal interprété et mal appliqué dans les cas futurs. Cela a également entraîné dans la critique des aides extrinsèques à l'interprétation des lois. Ce document analyse et élargit ces observations.

Suggested Citation

  • Ojo, Marianne, 2015. "Harmonisation du Hayek et Posner: Posner, Hayek et l'analyse économique du droit [Harmonising Hayek and Posner: revisiting Posner, Hayek & the economic analysis of Law]," MPRA Paper 65190, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:65190
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    File URL: https://mpra.ub.uni-muenchen.de/65190/1/MPRA_paper_65190.pdf
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    References listed on IDEAS

    as
    1. Nicola Gennaioli & Andrei Shleifer, 2007. "The Evolution of Common Law," Journal of Political Economy, University of Chicago Press, vol. 115(1), pages 43-68.
    2. Anthony Niblett & Richard A. Posner & Andrei Shleifer, 2010. "The Evolution of a Legal Rule," The Journal of Legal Studies, University of Chicago Press, vol. 39(2), pages 325-358.
    3. Whitman, Douglas Glen, 2000. "Evolution of the Common Law and the Emergence of Compromise," The Journal of Legal Studies, University of Chicago Press, vol. 29(2), pages 753-781, June.
    4. Cooter, Robert D & Rubinfeld, Daniel L, 1989. "Economic Analysis of Legal Disputes and Their Resolution," Journal of Economic Literature, American Economic Association, vol. 27(3), pages 1067-1097, September.
    5. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    6. Cooter, Robert D & Rubinfeld, Daniel L, 1994. "An Economic Model of Legal Discovery," The Journal of Legal Studies, University of Chicago Press, vol. 23(1), pages 435-463, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    attentes légitime; de précédents judiciaires; interprétation de la loi; l'efficacité d'allocation; Pepper v Hart; Daubert; Le Domaine d'Edgar A. Berg v Commissaire; le droit commun;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • G3 - Financial Economics - - Corporate Finance and Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • K2 - Law and Economics - - Regulation and Business Law
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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