Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39721
Authors: 
Eckardt, Martina
Year of Publication: 
2004
Series/Report no.: 
Thünen-series of applied economic theory 47
Abstract: 
Institutions matter both for long-term economic evolution as well as for more short-termed economic performance. The law is particularly important in shaping the institutional framework for economic activities. This paper gives an overview of typical evolutionary explanations of legal change, i.e. the generation and dissemination of legal innovations over time. The main actors, the key determinants, and the central mechanisms are identified. In addition to approaches which deal primarily with statutory respectively judge-made legal change, the concept of legal paradigms and path dependence, the co-evolution of law and technology and the impact of institutional competition on legal change are discussed.
Subjects: 
Evolutionary Economics
Law and Economics
Judge-made Legal Change
Legislation
Technological Change
Path Dependence
JEL: 
B52
B53
K40
P16
Document Type: 
Working Paper

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