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dc.contributor.authorBaniak, Andrzejen_US
dc.contributor.authorGrajzl, Peteren_US
dc.date.accessioned2010-06-22en_US
dc.date.accessioned2010-08-18T11:18:58Z-
dc.date.available2010-08-18T11:18:58Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38970-
dc.description.abstractWe study the desirability of interventionist harmonization of legal standards across multiple, mutually interdependent jurisdictions which strive to adapt law to their local conditions as well as to synchronize it with other jurisdictions. In a setting where jurisdictions are privately informed about their local conditions, we contrast the regime of decentralized standard-setting with two means of interventionist harmonization: through centralization and through allocation of lawmaking authority to a particular jurisdiction. Our analysis illuminates the importance of patterns of interjurisdictional linkages in delineating the scope for, and the appropriate means of, interventionist harmonization. We find that greater jurisdictional interdependence - the hallmark of globalization - per se does not justify interventionist harmonization unless increased interdependence results in notable asymmetries in the pattern of jurisdictional interdependence. We also show that, in the presence of cross-jurisdictional externalities, harmonization is, contrary to conventional predictions, not desirable when local preferences are homogeneous across jurisdictions.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper Public Choice 3085en_US
dc.subject.jelD02en_US
dc.subject.jelD82en_US
dc.subject.jelK40en_US
dc.subject.jelP50en_US
dc.subject.ddc330en_US
dc.subject.keywordharmonizationen_US
dc.subject.keywordcentralizationen_US
dc.subject.keyworddelegationen_US
dc.subject.keywordcross-jurisdictional externalitiesen_US
dc.subject.keywordjurisdictional interdependenceen_US
dc.subject.keywordglobalizationen_US
dc.subject.stwRechtsangleichungen_US
dc.subject.stwInternationales Rechten_US
dc.subject.stwGlobalisierungen_US
dc.subject.stwZentralstaaten_US
dc.subject.stwDezentralisierungen_US
dc.titleInterjurisdictional linkages and the scope for interventionist legal harmonizationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn629751579en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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