THE IMPORTANCE OF CREDIBLE COMMITMENT IN THE CONTEXT OF LAW AND ECONOMICS-Reference-Cited by-同舟云学术

THE IMPORTANCE OF CREDIBLE COMMITMENT IN THE CONTEXT OF LAW AND ECONOMICS

Published:2022-06-01 Issue: Volume: Page:
ISSN:2146-0817
Container-title:Hukuk ve İktisat Araştırmaları Dergisi
language:tr
Short-container-title:

Author:

ÇİÇEN Yıldırım Beyazıt¹

Affiliation:

1. GÜMÜŞHANE FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES

Abstract

This study focuses first and foremost on the relationship between law and economics disciplines. Described in the following sub-title are the institutional policies developed by the two disciplines and the resulting policy making process. A discussion of the interaction between the powers that make up public policy in the institutional structure is presented here. Following this, credible commitment is explained. Four alternative regimes are described to ensure that the commitment of the state to the investor is credible. These are independent regulatory authorities, use of contract law, regulatory process, legal supervision and international arbitration. The final section explains why credible commitment is important for economic growth.

Publisher

Sosyal Bilimler Arastirmalari Dernegi

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