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- W3202065472 abstract "This article examines the scope of efficiency reasoning in judicial argumentation. The subject is analyzed through a series of U.S. law cases on corporations. Judges use economic analysis in the determination of facts when a legal standard points to an economic-oriented evaluation; they also use economic analysis in the proof of facts, like other sciences or techniques, as the technical basis for presumptions. However, in the determination of applicable law, the notion of economic efficiency appears in case law mostly as a perspective from which to explain existing rules at a theoretical level, rather than at the practical level of justifying the decision. This article argues that this is so because economic efficiency is a policy goal that, unlike a principle, is too generic to serve as the basis for applying or interpreting preexisting law. In this respect, the situation is not different in the civil law tradition. Only when formulating an entirely new rule, can economic efficiency be a basis for adjudication in the common law, but then it competes with other goals as well as with more specific principles." @default.
- W3202065472 created "2021-10-11" @default.
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- W3202065472 date "2018-05-25" @default.
- W3202065472 modified "2023-09-28" @default.
- W3202065472 title "On the Scope of Economic Efficiency in Judicial Reasoning: A Pattern Derived From U.S. Case Law on Corporations." @default.
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