Forgiving Overconfidence in Tort Law (2009)
Luppi, Barbara, Parisi, Francesco
Overconfidence is an overestimation of one's own ability that is often associated with an underestimation of risks and inflated estimation of one's future success. Debiasing overconfidence through...
Environmental Protection for Developing Countries: The Polluter-Does-Not-Pay Principle (2009)
Luppi, Barbara, Parisi, Francesco, Rajagopalan, Shruti
The polluter-pays principle stipulates that the person who damages the environment must bear the cost of such damage. A number of developing countries have recently extended this principle creating...
Unjust Laws and Illegal Norms (2009)
Carbonara, Emanuela, Parisi, Francesco, Wangenheim, Georg Von
Due to a variety of circumstances, lawmakers occasionally create laws whose aims are perceived as outright unjust by the majority of the people. In other situations, the law may utilize improper...
Lawmakers as Norm Entrepreneurs (2008)
Carbonara, Emanuela, Parisi, Francesco, Von Wangenheim, Georg
In this paper we consider the role of lawmakers as norm entrepreneurs. Drawing from expressive law theories and social response theories, we shed light on the role of law in shaping social values and...
Lawmakers as Norm Entrepreneurs (2008)
Carbonara, Emanuela, Parisi, Francesco, Von Wangenheim, Georg
In this paper we consider the role of lawmakers as norm entrepreneurs. Drawing from expressive law theories and social response theories, we shed light on the role of law in shaping social values and...
Lawmakers as Norm Entrepreneurs (2008)
Carbonara, Emanuela, Parisi, Francesco, Von Wangenheim, Georg
In this paper we consider the role of lawmakers as norm entrepreneurs. Drawing from expressive law theories and social response theories, we shed light on the role of law in shaping social values and...
Lawmakers as Norm Entrepreneurs (2008)
Carbonara, Emanuela, Parisi, Francesco, Von Wangenheim, Georg
In this paper we consider the role of lawmakers as norm entrepreneurs. Drawing from expressive law theories and social response theories, we shed light on the role of law in shaping social values and...
The Theory of the Firm Applied to International Organization (2008)
Francesco Parisi, Nicholas Onuf
Letter from the Chair In theory, perhaps, theory knows no borders. In practice, disciplinary borders impose transaction costs on scholars who venture afield to build theory. Professor...
The Hidden Bias of the Vienna Convention on the International Law of Treaties (2008)
The process of treaty formation and reservations to multilateral treaties, enshrined in Articles 19-21 of the Vienna Convention on the Law of Treaties, establishes the principle that reservations are...
The Hidden Bias of the Vienna Convention on the International Law of Treaties (2008)
The process of treaty formation and reservations to multilateral treaties, enshrined in Articles 19-21 of the Vienna Convention on the Law of Treaties, establishes the principle that reservations are...
The Hidden Bias of the Vienna Convention on the International Law of Treaties (2008)
The process of treaty formation and reservations to multilateral treaties, enshrined in Articles 19-21 of the Vienna Convention on the Law of Treaties, establishes the principle that reservations are...
The Hidden Bias of the Vienna Convention on the International Law of Treaties (2008)
The process of treaty formation and reservations to multilateral treaties, enshrined in Articles 19-21 of the Vienna Convention on the Law of Treaties, establishes the principle that reservations are...
RENTS, DISSIPATION, AND LOST TREASURES: RETHINKING TULLOCK’S PARADOX * (2008)
Francesco Parisi, Francesco Parisi B
In this paper we revisit Tullock’s (1980) paradox and consider a rent-seeking game in which parties face increasing returns to effort. We allow parties to randomize their strategies and give them...
The Formation of International Treaties (2007)
This paper develops a stylized model of international treaty formation and analyzes the different modalities with which states can become part of an international treaty according to the procedures...
The Formation of International Treaties (2007)
This paper develops a stylized model of international treaty formation and analyzes the different modalities with which states can become part of an international treaty according to the procedures...
The Formation of International Treaties (2007)
This paper develops a stylized model of international treaty formation and analyzes the different modalities with which states can become part of an international treaty according to the procedures...
The Formation of International Treaties (2007)
This paper develops a stylized model of international treaty formation and analyzes the different modalities with which states can become part of an international treaty according to the procedures...
Laudatio: Pietro Trimarchi (2007)
The text of a Laudatio delivered on September 16, 2006 by Professor Francesco Parisi on the occasion of the awarding of an honorary membership in the European Association of Law and Economics (EALE)...
Laudatio: Pietro Trimarchi (2007)
The text of a Laudatio delivered on September 16, 2006 by Professor Francesco Parisi on the occasion of the awarding of an honorary membership in the European Association of Law and Economics (EALE)...
Laudatio: Pietro Trimarchi (2007)
The text of a Laudatio delivered on September 16, 2006 by Professor Francesco Parisi on the occasion of the awarding of an honorary membership in the European Association of Law and Economics (EALE)...
Laudatio: Pietro Trimarchi (2007)
The text of a Laudatio delivered on September 16, 2006 by Professor Francesco Parisi on the occasion of the awarding of an honorary membership in the European Association of Law and Economics (EALE)...
SUBSTITUTING COMPLEMENTS (2007)
Dari-Mattiacci, Giuseppe, Parisi, Francesco
The presence of multiple sellers in the provision of (nonsubstitutable) complementary goods leads to outcomes that are worse than those generated by a monopoly (with a vertically integrated...
The Economics of Legal Harmonization (2006)
Carbonara, Emanuela, Parisi, Francesco
The global legal landscape is undergoing substantial transformations, adapting to an increasingly global market economy. Differences between legal systems create obstacles to transnational commerce....
The Economics of Legal Harmonization (2006)
Carbonara, Emanuela, Parisi, Francesco
The global legal landscape is undergoing substantial transformations, adapting to an increasingly global market economy. Differences between legal systems create obstacles to transnational commerce....
The Economics of Legal Harmonization (2006)
Carbonara, Emanuela, Parisi, Francesco
The global legal landscape is undergoing substantial transformations, adapting to an increasingly global market economy. Differences between legal systems create obstacles to transnational commerce....
The Economics of Legal Harmonization (2006)
Carbonara, Emanuela, Parisi, Francesco
The global legal landscape is undergoing substantial transformations, adapting to an increasingly global market economy. Differences between legal systems create obstacles to transnational commerce....
Litigation, Judicial Path-Dependence, and Legal Change (2005)
Litigation, Judicial Path-Dependence, and Legal Change / Francesco Parisi, Ben Depoorter, Vincy Fon. - In: European journal of law and economics. - ISSN 0929-1261 (2005 Jun).
Litigation, Judicial Path-Dependence, and Legal Change (2005)
Litigation, Judicial Path-Dependence, and Legal Change / Francesco Parisi, Ben Depoorter, Vincy Fon. - In: European journal of law and economics. - ISSN 0929-1261 (2005 Jun).
Consistent query answers on numerical databases under aggregate constraints (2005)
Flesca, Sergio, Furfaro, Filippo, Parisi, Francesco
The problem of extracting consistent information from relational databases violating integrity constraints on numerical data is addressed. In particular, aggregate constraints defined as linear...
The Comparative Law and Economics of Pure Economic Loss (2005)
The Comparative Law and Economics of Pure Economic Loss / Francesco Parisi, Vernon V. Palmer, Mauro Bussani. - In: George Mason Law & Economics Research Paper. - 12:5(2005).
Causation and responsibility: the compensation principle from Grotius to Calabresi (2005)
PARISI, FRANCESCO, Francesco Parisi, Vincy Fon
Causation and responsibility: the compensation principle from Grotius to Calabresi / Francesco Parisi, Vincy Fon. - In: Maryland Law Review. - ISSN 0025-4282 (2005).
The modernization of European Antitrust Enforcement: the economics of regulatory competition (2005)
PARISI, FRANCESCO, Francesco Parisi, Ben Depoorter
The modernization of European Antitrust Enforcement: the economics of regulatory competition / Francesco Parisi, Ben Depoorter. - In: George Mason law review. - ISSN 1088-5625 (2005).
Problems with the enforcement of copyright law: is there a social norm backlash? (2005)
Problems with the enforcement of copyright law: is there a social norm backlash? / Francesco Parisi, Ben Depoorter, Sven Vanneste. - In: International journal of the economics of business. - ISSN...
The Behavioral Foundations of Retaliatory Justice (2005)
PARISI, FRANCESCO, Francesco Parisi, Vincy Fon
The Behavioral Foundations of Retaliatory Justice / Francesco Parisi, Vincy Fon. - In: Journal of Bioeconomics. - ISSN 13876996 (2005).
Rents, Dissipation, and Lost Treasures: Rethinking Tullock’s Paradox (2005)
Rents, Dissipation, and Lost Treasures: Rethinking Tullock’s Paradox / Francesco Parisi, Giuseppe Dari-Mattiacci. - In: Public choice. - ISSN 0048-5829 (2005).
The Comparative Law and Economics of Pure Economic Loss (2005)
The Comparative Law and Economics of Pure Economic Loss / Francesco Parisi, Vernon V. Palmer, Mauro Bussani. - In: George Mason Law & Economics Research Paper. - 12:5(2005).
Causation and responsibility: the compensation principle from Grotius to Calabresi (2005)
PARISI, FRANCESCO, Francesco Parisi, Vincy Fon
Causation and responsibility: the compensation principle from Grotius to Calabresi / Francesco Parisi, Vincy Fon. - In: Maryland Law Review. - ISSN 0025-4282 (2005).
The modernization of European Antitrust Enforcement: the economics of regulatory competition (2005)
PARISI, FRANCESCO, Francesco Parisi, Ben Depoorter
The modernization of European Antitrust Enforcement: the economics of regulatory competition / Francesco Parisi, Ben Depoorter. - In: George Mason law review. - ISSN 1088-5625 (2005).
Problems with the enforcement of copyright law: is there a social norm backlash? (2005)
Problems with the enforcement of copyright law: is there a social norm backlash? / Francesco Parisi, Ben Depoorter, Sven Vanneste. - In: International journal of the economics of business. - ISSN...
The Behavioral Foundations of Retaliatory Justice (2005)
PARISI, FRANCESCO, Francesco Parisi, Vincy Fon
The Behavioral Foundations of Retaliatory Justice / Francesco Parisi, Vincy Fon. - In: Journal of Bioeconomics. - ISSN 1387-6996 (2005).
Rents, Dissipation, and Lost Treasures: Rethinking Tullock’s Paradox (2005)
Rents, Dissipation, and Lost Treasures: Rethinking Tullock’s Paradox / Francesco Parisi, Giuseppe Dari-Mattiacci. - In: Public choice. - ISSN 0048-5829 (2005).
Legislation and Countervailing Effects from Social Norms (2004)
Parisi,Francesco, Von Wangenheim,Georg
Human behavior is influenced both by internal norms or values ("what people think to be just behavior") and exogenous restrictions including legal sanctions. In the paper we study the interaction...
Legislation and Countervailing Effects from Social Norms (2004)
Parisi, Francesco, Von Wangenheim, Georg
Human behavior is influenced both by internal norms or values ("what people think to be just behavior") and exogenous restrictions including legal sanctions. In the paper we study the interaction...
This article examines the criterion of comparative causation according to which an accident loss is apportioned between a faultless tortfeasor and an innocent victim on the basis of their relative...
The Economics of Tort Law: A Précis (2003)
Dari Mattiacci, G., Parisi, Francesco
Economic analysis has long been employed for the study of tort liability. This paper revisits the main contributions to the subject emphasizing the inherent impossibility for tort liability to set...
The Rise and Fall of Communal Liability in Ancient Law (2003)
Parisi, Francesco, Dari Mattiacci, G.
In ancient societies, rules of communal responsibility permitted the imposition of retaliatory sanctions on a wrongdoer's clan. These rules followed the collective ownership structure of early...
Fragmentation of Property Rights: A Functional Interpretation of the Law of Servitudes (2003)
Depoorter, Ben W. F., Parisi, Francesco
This Article argues that recent developments in economic theory provide a new rationale for the dichotomous approach of land use arrangements in the law of servitudes that is almost universal in the...
Fragmentation of Property Rights: A Functional Interpretation of the Law of Servitudes (2003)
Depoorter, Ben W.F., Parisi, Francesco
This Article argues that recent developments in economic theory provide a new rationale for the dichotomous approach of land use arrangements in the law of servitudes that is almost universal in the...
Fragmentation of Property Rights: A Functional Interpretation of the Law of Servitudes (2003)
Depoorter, Ben W.F., Parisi, Francesco
This Article argues that recent developments in economic theory provide a new rationale for the dichotomous approach of land use arrangements in the law of servitudes that is almost universal in the...
Fragmentation of Property Rights: A Functional Interpretation of the Law of Servitudes (2003)
Depoorter, Ben W.F., Parisi, Francesco
This Article argues that recent developments in economic theory provide a new rationale for the dichotomous approach of land use arrangements in the law of servitudes that is almost universal in the...
Fragmentation of Property Rights: A Functional Interpretation of the Law of Servitudes (2003)
Depoorter, Ben W.F., Parisi, Francesco
This Article argues that recent developments in economic theory provide a new rationale for the dichotomous approach of land use arrangements in the law of servitudes that is almost universal in the...
Simultaneous and Sequential Anticommons (2003)
Parisi, Francesco, Schulz, Norbert, Depoorter, Ben
This paper defines a framework for anticommons analysis based on the fragmentation of property rights. In differentiating between sequential and simultaneous cases of property fragmentation, we...
Intra-Jurisdictional Tax Competition
Jonathan Klick, Francesco Parisi
While much has been written about inter-jurisdictional competition for tax revenues, especially concerning the choice between harmonization and competition, the literature has largely ignored...
Problems with the Enforcement of Copyright Law: Is there a Social Norm Backlash?
Ben Depoorter, Francesco Parisi, Sven Vanneste
As a result of technological changes, copyright norms have developed in opposition to existing copyright law. In this article we examine how copyright enforcement efforts, mainly lawsuits against...
The Behavioral Foundations of Retaliatory Justice
negative reciprocity, retaliation, revenge, vindictiveness,
Rents, dissipation and lost treasures: Rethinking Tullock's paradox
Giuseppe Dari-Mattiacci, Francesco Parisi
In this paper we revisit Tullock's paradox (Tullock, 1980) and consider a rent-seeking game in which parties face increasing returns to effort. We allow parties to randomize their strategies and give...
Seeking Rents in the Shadow of Coase
Guiseppe Dari-Mattiacci, Sander Onderstal, Francesco Parisi
Trade opportunities are generally seen as valuable instruments to improve the allocation of resources in society. However, when the traded rights are secured through unproductive rent-seeking...
A law and economics perspective on terrorism
Nuno Garoupa, Jonathan Klick, Francesco Parisi
This paper reviews the existing law and economics literature on crime, noting where various models might apply to the terror context. Specifically, it focuses on two strands of the literature,...
Legislation and Countervailing Effects from Social Norms
Francesco Parisi, Georg Von Wangenheim
Human behavior is influenced both by internal norms or values ("what people think to be just behavior") and exogenous restrictions including legal sanctions. In the paper we study the interaction...
Positive, Normative and Functional Schools in Law and Economics
law and economics, intellectual history, methodology,
Litigation, Judicial Path-Dependence, and Legal Change
Vincy Fon, Francesco Parisi, Ben Depoorter
remedies, litigation, rule of precedent, jurisprudence constante , legal evolution, judicial path-dependence,
Simultaneous and Sequential Anticommons
Francesco Parisi, Norbert Schulz, Ben Depoorter
commons, anticommons, hold-ups, exclusion rights, property fragmentation,
The Value of Waiting in Lawmaking
Francesco Parisi, Vincy Fon, Nita Ghei
legislation, regulation, optimal timing, legal innovation,
The Cost of the Game: A Taxonomy of Social Interactions
customary law, social norms, reciprocity, game theory,
Votes and Outcomes: Rethinking the Politics-Like-Markets Metaphor
political markets, logrolling, Arrow's theorem,
The Constitutional and Political Economy of Trade Protection
Trade protection, public choice, constitutional political economy,
Litigation and the Evolution of Legal Remedies: A Dynamic Model.
In this paper we build upon existing literature on the evolution of the common law. We consider a model of legal evolution in which judges have varying ideologies and propensities to extend the...
The paradox of legal harmonization
Emanuela Carbonara, Francesco Parisi
Legal harmonization, Legal transplantation, Transnational contracts, Legal change, K10, K33, D70,
Institutions often utilize matching rules to achieve cooperative outcomes. However, the equilibrium induced by a matching rule may not be socially optimal. After presenting the case in which matching...
Crowding-out in productive and redistributive rent-seeking
Giuseppe Dari-Mattiacci, Eric Langlais, Bruno Lovat, Francesco Parisi
Rent-seeking, Rent dissipation, Tullock’s paradox, C72, D72, K00,
Crowding-out in Productive and Redistributive Rent-Seeking.
Giuseppe Dari-Mattiacci, Eric Langlais, Bruno Lovat, Francesco Parisi
This paper presents a general rent-seeking model in which participants decide on entry before choosing their levels of efforts. The conventional wisdom in the rent-seeking literature suggests that...
Fragmentation in Property: Towards a General Model
Norbert Schulz, Francesco Parisi, Ben Depoorter
This paper develops a general model of anticommons fragmentation in property. Using several related examples, we consider the equilibria obtained under different scenarios. The various illustrations...
From "tragedy" to "disaster": Welfare effects of commons and anticommons dilemmas
Vanneste, Sven, Van Hiel, Alain, Parisi, Francesco, Depoorter, Ben
Francesco Parisi, Robert Cooter, Gerrit De Geest, Ben Depoorter, Nuno Garoupa, Lewis Kornhauser
Papers published in Review of Law & Economics
This article considers the applicability of the Coase theorem (in both its positive and normative formulations) to the political market. The article analogizes the choice of decision rules in the...
A Law and Economics Perspective on Terrorism
Francesco Parisi, Jonathan Klick, Nuno Garoupa
This paper reviews the existing law and economics literature on crime, noting where various models might apply to the terror context. Specifically, it focuses on two strands of the literature,...
Reciprocity-Induced Cooperation
Many legal systems foster metarules of reciprocity to facilitate cooperative outcomes. This paper considers the role of reciprocity rules in various strategic environments. We start by considering...
This article examines the criterion of comparative causation according to which an accident loss is apportioned between a faultless tortfeasor and an innocent victim on the basis of their relative...
The Formation of International Treaties
This paper develops a stylized model of international treaty formation and analyzes the different modalities with which states can become part of an international treaty according to the procedures...
The text of a Laudatio delivered on September 16, 2006 by Professor Francesco Parisi on the occasion of the awarding of an honorary membership in the European Association of Law and Economics (EALE)...
The Economics of Legal Harmonization
Emanuela Carbonara, Francesco Parisi
The global legal landscape is undergoing substantial transformations, adapting to an increasingly global market economy. Differences between legal systems create obstacles to transnational commerce....
Fragmentation of Property Rights: A Functional Interpretation of the Law of Servitudes
Ben Depoorter, Francesco Parisi
This Article argues that recent developments in economic theory provide a new rationale for the dichotomous approach of land use arrangements in the law of servitudes that is almost universal in the...
Simultaneous and Sequential Anticommons
Francesco Parisi, Norbert Schulz, Ben Depoorter
This paper defines a framework for anticommons analysis based on the fragmentation of property rights. In differentiating between sequential and simultaneous cases of property fragmentation, we...
Social networks, self-denial, and median preferences: Conformity as an evolutionary strategy
Klick, Jonathan, Parisi, Francesco
Attitudes of conformity can be understood as a product of adaptation. Existing models of conformity invoke preference falsification with individuals hiding their true preferences. We posit an...
Role-reversibility, stochastic ignorance, and social cooperation
This paper studies the effect of role-reversibility and stochastic ignorance, conditions that minimize the strategic bias of individual choice, on social cooperation. Under role-reversibility, each...
The Rise and Fall of Communal Liability in Ancient Law
Francesco Parisi, Giuseppe Dari-Mattiacci
In ancient societies, rules of communal responsibility permitted the imposition of retaliatory sanctions on a wrongdoer's clan. These rules followed the collective ownership structure of early...
The Economics of Tort Law: A Précis
Francesco Parisi, Giuseppe Dari-Mattiacci
Economic analysis has long been employed for the study of tort liability. This paper revisits the main contributions to the subject emphasizing the inherent impossibility for tort liability to set...
The Hidden Bias of the Vienna Convention on the International Law of Treaties
The process of treaty formation and reservations to multilateral treaties, enshrined in Articles 19-21 of the Vienna Convention on the Law of Treaties, establishes the principle that reservations are...
Lawmakers as Norm Entrepreneurs
Emanuela Carbonara, Francesco Parisi, Georg Von Wangenheim
In this paper we consider the role of lawmakers as norm entrepreneurs. Drawing from expressive law theories and social response theories, we shed light on the role of law in shaping social values and...
Seeking rents in the shadow of Coase
Giuseppe Dari-Mattiacci, Sander Onderstal, Francesco Parisi
Rent-seeking, Asymmetric rent valuations, Rent-dissipation, Rent-misallocation, C72, D72,
Choice of law and legal evolution: rethinking the market for legal rules
Emanuela Carbonara, Francesco Parisi
Choice of law, Transnational business law, Legal harmonization, Legal competition, Network effects, K10, K33, D70,
The Efficiency of Comparative Causation
Comparative causation is the only tort regime that allows parties to share an accident loss in equilibrium. The sharing of an accident loss between a nonnegligent injurer and his nonnegligent victim...
The Hidden Bias of the Vienna Convention on the International Law of Treaties
The process of treaty formation and reservations to multilateral treaties, enshrined in Articles 19-21 of the Vienna Convention on the Law of Treaties, establishes the principle that reservations are...
Lawmakers as Norm Entrepreneurs
Emanuela Carbonara, Francesco Parisi, Georg Von Wangenheim
In this paper we consider the role of lawmakers as norm entrepreneurs. Drawing from expressive law theories and social response theories, we shed light on the role of law in shaping social values and...
The Formation of International Treaties
This paper develops a stylized model of international treaty formation and analyzes the different modalities with which states can become part of an international treaty according to the procedures...
The text of a Laudatio delivered on September 16, 2006 by Professor Francesco Parisi on the occasion of the awarding of an honorary membership in the European Association of Law and Economics (EALE)...