When Law and Economics Met Professional Responsibility (original) (raw)
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The Law and Economics movement has reached in recent years a widespread diffusion 1. As Mercuro and Medema (1997) have pointed out," Law and Economics has developed from a small and rather esoteric branch within economics and law to a substantial movement that has helped to both redefine the study of law and expose economics to the important implications of the legal environment" 2. While the standard Law and Economics approach refers typically to legal rules 3, recent developments have been concerned with a more ...