Working paper 95 available now!

 

Rules versus Standards in Developing Countries The Case for Clear and Precise Legal Norms on Eminent Domain

Hans-Bernd Schäfer

Bucerius Law School, Hamburg

 

Abstract

We relate the rules versus standards debate to legal norms of taking law in developing countries and argue in favor of more precise legal norms regulating takings in low income countries. Clear, specific and exact legal norms should be socially preferred whenever a regulatory law cuts into fundamental rights as this improves the possibilities of supreme courts to check the constitutionality of such norms. This holds equally for rich and poor countries. But in poor countries precise norms have additional advantages over standards, whose adjudication requires highly qualified and loyal judges and administrators, is information intensive and increases procedural costs for the parties. We argue that in the course of economic development courts and administrations should be granted more flexibility and rigid rules should gradually be replaced by more adjustable legal standards which are more flexible and can adjust better to the merits of a single case.

 

Key words: Law and Economics, Law and Development, Rules versus Standards, Takings, Eminent Domain.

 

The Economics and Politics Research Group started publishing its working papers on June 12, 2013. Please check here every week for a new working paper.

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LEMBRETE: HOJE!! Seminário: Bernardo Mueller, Quinta 18/4, 16hs, FACE/UnB

O Economics and Politics Research Group (EPRG, http://www.econpolrg.com) tem o prazer de convidá-lo(a) para o Seminário do Ciclo 2019-I de Seminários de Pesquisa, descrito a seguir.

Apresentador: Bernardo Mueller, ECO/UnB & EPRG

Título: The Logic of Leadership and Organizational Hierarchies

Data: QUINTA-FEIRA, 18 DE ABRIL DE 2019

Horário: 16h00-18h00

Local: Auditório VERDE da FACE, Universidade de Brasília, Campus Darcy Ribeiro, Asa Norte, Brasília

O programa completo do Ciclo 2019-I de Seminários de Pesquisa do EPRG estará disponível no site do grupo: http://www.econpolrg.com/seminars

Organizadores: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

*

The Economics and Politics (CNPq) Research Group & the Graduate Program in Economics (UnB) present:

The Logic of Leadership and Organizational Hierarchies

Bernardo Mueller, ECO/UnB & EPRG

THURSDAY, April 18, 2019
4:00-6:00 pm
FACE GREEN AUDITORIUM
University of Brasilia

The event is open to all interested participants.
The complete seminar schedule is available here (https://econpolrg.com/seminars/)

Organizers: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

 

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Seminário: Bernardo Mueller, Quinta 18/4, 16hs, FACE/UnB

O Economics and Politics Research Group (EPRG, http://www.econpolrg.com) tem o prazer de convidá-lo(a) para o Seminário do Ciclo 2019-I de Seminários de Pesquisa, descrito a seguir.

Apresentador: Bernardo Mueller, ECO/UnB & EPRG

Título: The Logic of Leadership and Organizational Hierarchies

Data: QUINTA-FEIRA, 18 DE ABRIL DE 2019

Horário: 16h00-18h00

Local: Auditório VERDE da FACE, Universidade de Brasília, Campus Darcy Ribeiro, Asa Norte, Brasília

O programa completo do Ciclo 2019-I de Seminários de Pesquisa do EPRG estará disponível no site do grupo: http://www.econpolrg.com/seminars

Organizadores: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

*

The Economics and Politics (CNPq) Research Group & the Graduate Program in Economics (UnB) present:

The Logic of Leadership and Organizational Hierarchies

Bernardo Mueller, ECO/UnB & EPRG

THURSDAY, April 18, 2019
4:00-6:00 pm
FACE GREEN AUDITORIUM
University of Brasilia

The event is open to all interested participants.
The complete seminar schedule is available here (https://econpolrg.com/seminars/)

Organizers: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

 

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Seminário: Steve de Castro, UnB e EPRG, Quinta, 11/4/2019, 16h

ATENÇÃO: Este é o segundo seminário da semana!O Economics and Politics Research Group (EPRG, http://www.econpolrg.com) tem o prazer de convidá-lo(a) para o Seminário do Ciclo 2019-I de Seminários de Pesquisa, descrito a seguir.

Apresentador: Steve de Castro, EPRG & UnB

Título: Growth theory: Involutions & Takeoffs to the Great Re-convergence by 2050
Data: QUINTA-FEIRA, 11 DE ABRIL DE 2019
Horário: 16h00-18h00
Local: Sala D1 06/23 da FACE, Universidade de Brasília, Campus Darcy Ribeiro, Asa Norte, Brasília

O programa completo do Ciclo 2019-I de Seminários de Pesquisa do EPRG estará disponível no site do grupo: http://www.econpolrg.com/seminars
Organizadores: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

*

The Economics and Politics (CNPq) Research Group & the Graduate Program in Economics (UnB) present:

Growth theory: Involutions & Takeoffs to the Great Re-convergence by 2050
Steve de Castro, EPRG & UnB

THURSDAY, April 11, 2019
4:00-6:00 pm
FACE ROOM D1 06/23
University of Brasilia

The event is open to all interested participants.
The complete seminar schedule is available here (https://econpolrg.com/seminars/)

Organizers: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

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Seminário Extraordinário HOJE: Hans-Bernd Schäfer, Bucerius Law School, TERÇA-FEIRA, 9/4/2019, 16 horas, FACE/UnB

ATENÇÃO: SEMINÁRIO EXTRAORDINÁRIO!!! NESTA TERÇA-FEIRA, 16 HORAS

O Economics and Politics Research Group (EPRG, http://www.econpolrg.com) tem o prazer de convidá-lo(a) para o Seminário do Ciclo 2019-I de Seminários de Pesquisa, descrito a seguir.

Apresentador: Hans-Bernd Schäfer, Bucerius Law School. Hamburg
Título: Concepts, flaws and adverse effects of consumer protection

Data: TERÇA-FEIRA, 9 DE ABRIL DE 2019
Horário: 16h00-18h00
Local: Sala D1 06/09 da FACE, Universidade de Brasília, Campus Darcy Ribeiro, Asa Norte, Brasília

Com a participação de: Leonardo Marques, Ministério da Justiça e Flávia Vera, IDP e Senado Federal.

O programa completo do Ciclo 2019-I de Seminários de Pesquisa do EPRG estará disponível no site do grupo: http://www.econpolrg.com/seminars
Organizadores: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

Abstract: The control of general terms and conditions, producer liability and a gradual shift of contractual risks from consumers to suppliers of goods and services are necessary elements of consumer protection. Its theoretical foundations are still unclear within jurisprudence. The original theory of exploitation formulated by Fritz Kessler and Ludwig Raiser is only partially valid and cannot explain why serious consumer protection problems are also developing in markets with an atomistic supply structure and a high level of competition. George Akerlof’s theory of asymmetric information corrects this deficit but fails to explain why consumers often do not prevail over large firms. A flawed zero-sum theory of consumer protection, which is still widespread among practitioners, is partly responsible for some grotesque misguided developments in European consumer protection law. The lecture introduces the theories of consumer protection and demonstrates absurd and even economically dangerous effects of consumer protection This is illustrated with an example related to the rules of damage compensation in case of early repayment of mortgage loans.

*

NOTE: EXTRAORDINARY SEMINAR: TUESDAY, APRIL 9, 2019

The Economics and Politics (CNPq) Research Group & the Graduate Program in Economics (UnB) present:

Concepts, flaws and adverse effects of consumer protection
Hans-Bernd Schäfer, Bucerius Law School. Hamburg

TUESDAY, April 9, 2019
4:00-6:00 pm
FACE ROOM D1 06/09
University of Brasilia

The event is open to all interested participants.
The complete seminar schedule is available here (https://econpolrg.com/seminars/)

Organizers: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

Abstract: The control of general terms and conditions, producer liability and a gradual shift of contractual risks from consumers to suppliers of goods and services are necessary elements of consumer protection. Its theoretical foundations are still unclear within jurisprudence. The original theory of exploitation formulated by Fritz Kessler and Ludwig Raiser is only partially valid and cannot explain why serious consumer protection problems are also developing in markets with an atomistic supply structure and a high level of competition. George Akerlof’s theory of asymmetric information corrects this deficit but fails to explain why consumers often do not prevail over large firms. A flawed zero-sum theory of consumer protection, which is still widespread among practitioners, is partly responsible for some grotesque misguided developments in European consumer protection law. The lecture introduces the theories of consumer protection and demonstrates absurd and even economically dangerous effects of consumer protection This is illustrated with an example related to the rules of damage compensation in case of early repayment of mortgage loans.

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Seminário: Andrea Dantas, UniCEUB e Advocacia da União, Quinta, 4/4/2019, 16hs

O Economics and Politics Research Group (EPRG, http://www.econpolrg.com) tem o prazer de convidá-lo(a) para o Seminário do Ciclo 2019-I de Seminários de Pesquisa, descrito a seguir.

Apresentadora: Andrea Dantas Echeverria, UniCEUB e Advocacia da União
Título: O Supremo Tribunal Federal como árbitro ou jogador? As crises fiscais dos estados brasileiros e o jogo do resgate
Data: QUINTA-FEIRA, 4 DE ABRIL DE 2019
Horário: 16h00-18h00
Local: Auditório VERDE da FACE, Universidade de Brasília, Campus Darcy Ribeiro, Asa Norte, Brasília

O programa completo do Ciclo 2019-I de Seminários de Pesquisa do EPRG estará disponível no site do grupo: http://www.econpolrg.com/seminars
Organizadores: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

*

The Economics and Politics (CNPq) Research Group & the Graduate Program in Economics (UnB) present:

O Supremo Tribunal Federal como árbitro ou jogador? As crises fiscais dos estados brasileiros e o jogo do resgate
Andrea Dantas Echeverria, UniCEUB and Advocacia da União
THURSDAY, April 4, 2019
4:00-6:00 pm
FACE GREEN AUDITORIUM
University of Brasilia

The event is open to all interested participants.
The complete seminar schedule is available here (https://econpolrg.com/seminars/)
Organizers: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

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Seminário de abertura 2019-I: Marcelle Chauvet, UC Riverside & Marcelo Fernandes, EESP, Quinta 28/3/2019, 16hs

O Economics and Politics Research Group (EPRG, http://www.econpolrg.com), e o Programa de Pós-Graduação em Economia (PPGECO/UnB), têm o prazer de convidá-lo(a) para o Duplo Seminário de Abertura do Ciclo 2019-I de Seminários de Pesquisa, descrito a seguir.

Apresentadora: Marcelle Chauvet, Universidade da Califórnia, Riverside
Título: Incomplete Price Adjustment and Inflation Persistence

Apresentador: Marcelo Fernandes, FGV/EESP
Título: Price Discovery and Market Microestruture Noise

Data: QUINTA-FEIRA, 28 DE MARÇO DE 2019
Horário: 16h00-18h30
Local: Auditório AZUL da FACE, Universidade de Brasília, Campus Darcy Ribeiro, Asa Norte, Brasília

O programa completo do Ciclo 2019-I de Seminários de Pesquisa do EPRG estará disponível no site do grupo: http://www.econpolrg.com/seminars

Organizadores: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

*

The Economics and Politics (CNPq) Research Group presents:

Incomplete Price Adjustment and Inflation Persistence
Marcelle Chauvet, Universidade da Califórnia, Riverside

Price Discovery and Market Microestruture Noise
Marcelo Fernandes, FGV/EESP

THURSDAY, March 28, 2019
4:00-6:30 pm
FACE BLUE AUDITORIUM
University of Brasilia

The event is open to all interested participants.
The complete seminar schedule is available here (https://econpolrg.com/seminars/)

Organizers: Adriana Portugal (TCDF), Paulo Britto (CCA/UnB), Lúcio Rennó (IPOL/UnB), Ricardo Araújo (ECO/UnB), Arnaldo Mauerberg Junior (IPOL/UnB) & Maurício Bugarin (ECO/UnB)

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