Precedent and Statute Lawmaking in the Courts versus Lawmaking i

Should laws be made in courts or in parliaments? Orlin Yalnazov proposes a new approach to the problem. He conceptualizes law as an information product, and law-making as an exercise in production. Law-making has inputs and outputs, and technology is used

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Orlin Yalnazov

Precedent and Statute Lawmaking in the Courts versus Lawmaking in Parliament

Ökonomische Analyse des Rechts I ­Economic Analysis of Law Reihe herausgegeben von S. Voigt, Hamburg, Germany L. Franzoni, Bologna, Italy G. Ringe, Hamburg, Germany E. Reznichenko, Rotterdam, The Netherlands M. Faure, Rotterdam, The Netherlands

Die ökonomische Analyse des Rechts untersucht Rechtsnormen auf ihre gesellschaftlichen Folgewirkungen und bedient sich dabei des methodischen Instrumentariums der Wirtschaftswissenschaften. Sie ist ein interdisziplinäres Forschungsgebiet, in dem sowohl Rechtswissenschaftler als auch Wirtschaftswissenschaftler tätig sind und das zu wesentlichen neuen Erkenntnissen über Funktion und Wirkungen von Rechtsnormen geführt hat. Die Schriftenreihe enthält Monographien zu verschiedenen Rechtsgebieten und Rechtsentwicklungen. Die Buchreihe wird als Fortsetzung der Reihe Ökonomische Analyse des Rechts geführt. The economic analysis of law examines legal norms drawing on the economic approach. The analysis does not only include the consequences of legal norms but also the determinants of their emergence. It is an interdisciplinary research program in which both lawyers as well as economists are active. Over the last half century, some of its contributions have lead to important insights regarding the emergence, the functioning, as well as the effects of legal norms. This series is a forum for contributions to the economic analysis of law broadly conceived. The book series is a continuation of the series Economic Analysis of Law.

Weitere Bände in der Reihe http://www.springer.com/series/16196

Orlin Yalnazov

Precedent and Statute Lawmaking in the Courts versus ­Lawmaking in Parliament

Orlin Yalnazov Kingston upon Hull, United Kingdom Dissertation Universität Hamburg, Germany, 2018

ISSN 2524-7360 ISSN 2524-7379  (electronic) Ökonomische Analyse des Rechts | Economic Analysis of Law ISBN 978-3-658-24385-2  (eBook) ISBN 978-3-658-24384-5 https://doi.org/10.1007/978-3-658-24385-2 Library of Congress Control Number: 2018961141 Springer Gabler © Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date o