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Although the disciplines of law and economics have always been intertwined from their earliest development, the level of intimacy between the two research fields has varied over the history of thought.
Recently, Europe has witnessed an upsurge in interests to apply economic
insights to regulatory matters and the drafting of law, as well as the companion
to introduce an explicit understanding of law into aspects of economic decision
making. Examples of this development are the rising levels of sophistication of
economic analysis applied to competition policy, the redesign of bankruptcy
laws, the discussions on EU harmonization of corporate law, and deregulation and
privatization issues in sectors traditionally governed by states, such as energy
and public transportation. In all these cases, economic and legal arguments
interplay.
It is the objective of the Amsterdam Center for Law & Economics (ACLE) to
promote high quality research into these and other issues at the interface of
law and economics. On the one hand, the ACLE seeks to advance the understanding
of economic processes by taking the constraints of a legal and regulatory nature
which individual consumers, firms and other collectives face explicitly into
account. On the other hand, the Center aspires to enhance the drafting and
enforcement of law by inserting an understanding of individual economic decision
making. The ACLE thus aims to explore the wealth of synergies that exists
between these two fields, and to further enhance the cross-fertilization in both
research and its applications, e.g. in public policy. In doing so the Center
will build on the emerging existing academic developments in law and economics
and the related fields of institutional economics and public choice theory.
The ACLE is an interdisciplinary institute founded by the Board of the
University of Amsterdam in close cooperation with the School of Economics (FEB)
and the Law School (FdR). Located in the heart of Amsterdam's old city, the ACLE
presently associates around twenty fellows in law and economics, ranging from
full professors to PhD students.
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