This paper shows that the logical properties of constraints imposed by law are fundamentally different from other considered in economics such as budget and bounded rationality constraints, ones based on inattention or shortlisting. suggests to fully incorporate into may require a revision economic theory.

founded in 1970 as the Canadian Environmental Law Research Foundation. It is an independent, not-for profit, environmental law and policy research and education organization. Over the last 15 years, CIELAP has been involved extensively in environmental law and policy development related to biotechnology. In 1984, CIELAP organized the first conference in Canada on environmental law and policy is...

Using data of Korean court cases, related to the unjust dismissal claims between 1987 and 2000, this paper examines how the deregulation of Korean dismissal law in 1998 affects the incidence of unjust dismissals. Logit estimation to identify the determinants of unjust dismissal rate in Korea shows that deregulation of the dismissal law led to a higher incidence of unjust dismissals. Reasons for...

Many U.S. banks have tried to take advantage of and contribute to economic growth in developing countries by establishing branches in foreign nations.' When political and economic conditions become unstable, foreign governments have on occasion expropriated the branches' assets. Depositors unable to withdraw their funds because of the expropriation may attempt to recover from the U.S. bank's ho...