State versus private ownership

Article Abstract:

There have been some significant developments recently in ways of considering government ownership. It can be argued that, where there is a benevolent government, there are only very restricted conditions under which government ownership is preferable in a country with good contract enforcement. Where there is a non-benevolent government, there is a very strong argument in favour of near-monopoly government provision in an advanced democracy. Private ownership is generally preferable to public ownership when there must be strong incentives to innovate and to limit costs.

Government ownership, Nationalization

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Overruling and the instability of law

Article Abstract:

The legal realist model of judicial lawmaking, to analyze the evolution of common law based on the replacement of existing legal rules through precedent change by appellate courts, is presented.

United States, Forecasts, trends, outlooks, Sweden, Interpretation and construction, Usage, Forecasts and trends, Market trend/market analysis, Common law, Econometric models, Statutes

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