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POLISH YEARBOOK OF LAW AND ECONOMICS VOL.3 2012


BEŁDOWSKI J. METELSKA-SZANIAWSKA K. VISSCHER L.

wydawnictwo: C.H.BECK , rok wydania 2013, wydanie I

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Polish Yearbook of Law and Economics. Vol. 3 (2012)


This third volume of the Polish Yearbook of Law & Economics contains a collection of articles selected, following a separate review process, from papers delivered at 3rd Polish Law & Economics Conference, which took place at the University of Warsaw on April 20–21, 2012. More than 100 scholars, students and practitioners were participants of this Conference organised by the Polish Association of Law & Economics (PSEAP) in cooperation with the Centre for Economic Analyses of Public Sector (CEAPS) at Faculty of Economic Sciences of the University of Warsaw, as well as two students’ associations.

“A Yearbook like this conveys two important facts. One being a general virtue of Law and Economics, namely the unique combination of practical concerns with scholarzy analytical work. The second and more peculiar being the impressing level and scope which the Economic Analysis of Law has reached in Poland. However, as the Yearbook also demonstrates, contributors from outside Poland have already taken the opportunity to utilize it as a platform for the presentation of scholarly work. It’s truly worth reading!”

Prof. Wolfgang Weigel, Joseph von Sonnenfels

Center for the Study of Public Law and Economics, University of Vienna

Polish Yearbook of Law & Economics Vol. 3 (2012) contains papers by scholars both from various Polish universities and from abroad. They include: Prof. Thomas S. Ulen, Dr. Michele Mosca, Dr. Salvatore Villani, Dr. Przemysław Mikłaszewicz, Dr. Łukasz Goczek, Alexander Marek Waksman, Valerio Cosimo Romano, Dr. Jan Fałkowski, Dr. Patryk Gałuszka, Dr. Victor Bystrov, Mireia Artigot i Golobardes, as well as the winner of the Best Student Paper Prize competition accompanying the Conference (Kamil Joński). Topics covered range from organized crime and conomic analysis of judges’ incentive structures to political economy of corruption, Law and Economics of crowdfunding, as well as product regulation.


From the Editors
( Jarosław Bełdowski , Katarzyna Metelska-Szaniawska, Louis Visscher )

Section I. FEATURED ARTICLE

Chapter 1. The Lessons of 30 Years of Law and Economics – and the Prospects for its Future ( Thomas S. Ulen )
1.1.Introduction
1.2.Three lessons from thirty years of Law and Economics
1.2.1.Lesson 1: Law as a Science
1.2.2.Lesson 2: Behavioral Law and Economics
1.2.3.Lesson 3: Empirical Legal Studies
1.3.The future
1.4.Conclusion
References

Section II. ARTICLES

Chapter 2. Reuse of Illegal Assets and the Competition Policy for Social Aims. A New Network Strategy to Defeat Organised Crime(Michele Mosca,Salvatore Villani)
2.1.Introduction
2.1.1.The economic theories of crime and their suggestions to fight the organised crime
2.1.2.The need for a reformulation of policies to fight organised crime
2.1.3.The issues of the paper
2.2.The Mafia’s assets and the Twofold Vicious Circle of CITI & DU
2.2.1.The dual nature of Mafia’s assets
2.2.2.Seizure, confiscation and reutilization of illegal assets
2.3.The Italian Normative on Seizure, Confiscation and Reutilization of Illegal Assets
2.4.The model
2.4.1.Analysing the relationship between social capital and criminal organisations
2.4.2. The role of the key player of criminal organisations
2.4.3.The role of the key player of social enterprises
2.4.4.The Zipping-Open Strategy
2.5.A proposal of a new organised crime prevention policy
2.5.1.The need for a new strategy of organised crime prevention
2.5.2.The concept of “reliability” of the social networks
2.5.3.Competition policy
2.6.Conclusions
References

Chapter 3. The Incentives of National Judges (not) to Seek a Preliminary Ruling from the Court of Justice of the EU in the Context of the National and EU Constitutional Framework (Przemysław Mikłaszewicz)
3.1. Introduction
3.2.The preliminary ruling procedure – general scheme
3.2.1.A duty to refer
3.2.2.Possible negative consequences of a failure to refer
3.3.What do judges maximise in the contextof the preliminary ruling procedure?
3.3.1.Power-driven decisions in the context of the preliminary questions to the ECJ
3.3.1.1.National system of appeals
3.3.1.2.Referring court’s control over facts and applicable national law
3.3.2.Avoiding a reversal in appeal
3.3.3.Maximising reputation and popularity
3.3.4.When leisure is at stake
3.4.Conclusions
References

Chapter 4. Regulatory Causes of Corruption ( Łukasz Goczek)
4.1.Introduction
4.2.Survey of research on corruption
4.2.1.Definitions of corruption
4.2.2.Measuring corruption
4.2.3.Literature review
4.3.Empirical investigation
4.3.1.Introduction
4.3.2.Definitions and sources of variables Corruption Ln GDP Political rights Starting a business Dealing with licenses Enforcing contracts Trading across borders
4.3.3. Methodology and discussion of the empirical results
4.3.4.Policy recommendations
4.4.Summary and conclusions
References

Chapter 5. Corruption and Effort Among Political Agents: AnalysingIncentives and Evidence from the UK and Italy (Alexander MarekWaksman,Valerio Cosimo Romano)
5.1.Introduction
5.2.The model
5.2.1.Assumptions
5.2.2.Modelling the traditional principal-agent problem
5.2.2.1.The model applied to the political context: the wage surplus
5.2.2.2.The model applied to the political context: the bad-behavior surplus
5.2.2.3.Rise of the political principal agent problem (PPAP)
5.2.2.4.Deriving outcomes
5.3.Applications
5.3.1. United Kingdom: the case of MPs’expenses
5.3.1.1. Immunity rules: parliamentary privilege
5.3.1.2.The expected sanction
5.3.1.3.The wage surplus
5.3.1.4.The critical threshold for re-election
5.3.1.5.Consequences of the UK System
5.3.2.Italy: from wage inefficiencies to structural shields from punishment
5.3.2.1.Wages and effort: an unbalanced relationship
5.3.2.2.Evidence: excessively fragmented incentives
5.3.2.3.Bad behavior as a relevant feature
5.3.2.4.Evidence: structural shields let bad behavior pay
5.3.2.5.Consequences for the Italian system
5.4.General conclusions
References

Chapter 6. Rural Policy and Political Accountability: Looking at the Pilot Programme LEADER+ in Poland (Jan Fałkowski )
6.1.Introduction
6.2.Background – Pilot Programme LEADER+ in Poland
6.3.LEADER and political accountability
6.4.Political accountability and electoral rules
6.5.Empirical strategy and data
6.5.1.Empirical strategy
6.5.2.Data
6.6.Results
6.6.1.Main results
6.6.2.Robustness checks
6.7.Conclusions
References

Chapter 7. Development of Crowdfunding in Poland from thePerspectives of Law and Economics( Patryk Gałuszka, Victor Bystrov)
7.1.Introduction
7.2.What is crowdfunding?
7.3.Economic analysis of copyright law: the problem of incentives
7.4.Description of MegaTotal.pl
7.5.Data description
7. 6 .Re s u lt s
7.7.Law and economics issues in crowdfunding
7.7.1.Principal-agent problem
7.7.2.Transaction costs
7.8.Barriers to the development of crowdfunding in Poland
7.8.1.The problem of Public Collection Laws
7.8.2.The problem of cooperation with collecting societies
7.9.Conclusions
References

Chapter 8. A Close Look to European Product Regulation: An Analysis of the Interaction Between European Product Safety Regulation and Product Liability ( Mireia Artigot i Golobardes )
8.1.Introduction
8.2. The joint use of ex ante regulation and ex post liability: from substitute to complement legal instruments
8.3. European product regulation: an example of joint use of ex anteregulation and ex post liability
8.3.1. Creating ex ante incentives for care through regulation: European product safety regulation
8.3.1.1. Product Safety Standards
8.3.1.2.The General Product Safety Directive
8.3.2.Ex post remedies: the European Product Liability Directive
8.3.2.1.Products covered by the product liabilityDirective
8.3.2.2.Defect under Directive 85/374
8.4. An insight into European product regulation: The interaction between statutory safety regulation and product liability lawin Europe
8.4.1.Movables v. non-food consumer products
8.4.2.Safe v. defective
8.4.3.A global perspective on European product regulation: the need for a joint analysis of European product safety regulation and product liability law
8.5. Conclusions
References
Appendix 1. Tables

Section III. STUDENT SECTION

Chapter 9. Does Quicker Mean Better? Measuring the Deterrent Effect of the ‘24-Hour Courts’ ( Kamil Joński )
9.1.Introduction
9.2.‘24-hour courts’ – institutional background
9.3.The model
9.4.The results
9.5.Robustness
9.6.Conclusions
References


250 pages, Paperback

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