Description

How disputes are resolved, and how contract rights are secured, without court-facilitated dispute resolution has been a great area of interest to institutional economists and legal scholars alike. In this lecture, Professor Barak Richman lecture provides an overview and taxonomy of extralegal dispute resolution mechanisms, and a framework to understand and distinguish among the private legal systems heralded in the literature.

References

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Richman, B. D. (2006). How Community Institutions Create Economic Advantage: Jewish Diamond Merchants in New York.  Law and Social Inquiry, 31, 383.