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dc.contributor.authorBaniak, Andrzejen
dc.contributor.authorGrajzl, Peteren
dc.date.accessioned2010-06-22-
dc.date.accessioned2010-08-18T11:18:58Z-
dc.date.available2010-08-18T11:18:58Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3085en
dc.subject.jelD02en
dc.subject.jelD82en
dc.subject.jelK40en
dc.subject.jelP50en
dc.subject.ddc330en
dc.subject.keywordharmonizationen
dc.subject.keywordcentralizationen
dc.subject.keyworddelegationen
dc.subject.keywordcross-jurisdictional externalitiesen
dc.subject.keywordjurisdictional interdependenceen
dc.subject.keywordglobalizationen
dc.subject.stwRechtsangleichungen
dc.subject.stwInternationales Rechten
dc.subject.stwGlobalisierungen
dc.subject.stwZentralstaaten
dc.subject.stwDezentralisierungen
dc.titleInterjurisdictional linkages and the scope for interventionist legal harmonization-
dc.typeWorking Paperen
dc.identifier.ppn629751579en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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