6533b85efe1ef96bd12c0642

RESEARCH PRODUCT

On Legal Cooperation and the Dynamics of Legal Convergence

Bertrand CrettezBruno DeffainsBruno DeffainsOlivier Musy

subject

HistoryPolymers and PlasticsPublic economicsUnificationShort runComputingMilieux_LEGALASPECTSOFCOMPUTINGHarmonizationIndustrial and Manufacturing EngineeringLegal researchDynamics (music)Political scienceConvergence (relationship)Business and International ManagementEmpirical legal studiesLaw and economics

description

In this paper, we study the dynamics of legal convergence and the comparison between the different instruments of legal convergence based on cooperative strategies (i.e., harmonization and unification) or not. To study these questions we use a model with two nation-states which is inspired in part by that used in Carbonara and Parisi (2008) where preferences of each nation-state are such that it is costly to change the law, but it is also costly to have a different legal system from the other nation-state. We show that legal unification could be achieved in the long-run through small step by step changes despite the existence of huge harmonization costs in the short run. We also show that legal cooperation is not always necessary to achieve legal convergence.

https://doi.org/10.2139/ssrn.2735679