By Karl M. Meessen, Marc Bungenberg, Adelheid Puttler
Governments, or not less than the smart ones between them, are conscious of the criteria guiding company actions. during adopting and imposing monetary laws, they search to draw enterprise actions so as to elevate nationwide source of revenue (and economic revenues), generate employment possibilities, and, very commonly, please citizens. therefore fiscal legislations could be thought of an monetary sturdy, as steered by way of the name of this e-book. That functionality, which such a lot principles of financial legislation have within the festival of platforms, used to be reinforced through the global liberalization of exchange. at the present time, it really is of higher importance than ever ahead of. legal professionals, economists, teachers, and practitioners, from inside and out Germany, have taken a glance on the evidence and feature mentioned methods to conceptualizing them. The ensuing 30 essays, accrued during this quantity, give a contribution to the translation of present, and the making of latest, financial legislation.
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Additional resources for Economic Law As an Economic Good: Its Rule Function and Its Tool Function in the Competition of Systems
We will apply our differentiation of four different types of regulatory competition for analyzing more precisely what competition of competition laws might 5 For this differentiation see W. Kerber and O. Budzinski, Towards a Differentiated Analysis of Competition of Competition Laws (2003) 1 Journal of Competition Law (ZWeR) 411; K. Heine, Regulierungswettbewerb im Gesellschaftsrecht. Zur Funktionsfähigkeit eines Wettbewerbs der Rechtsordnungen im europäischen Gesellschaftsrecht (Duncker & Humblot, Berlin 2003).
In contrast to the last section, it can also be assumed that the firms and production factors are immobile between countries but compete with each other on international markets. Mobility of goods and immobility of production factors are the core assumptions of traditional economic theories of international trade. If domestic firms produce under more efficient legal rules than their foreign competitors, then their production costs are lower, leading to a competitive advantage and to more (or better paid) jobs in the export industry.
Draft International Antitrust Code (Nomos, Baden-Baden 1995); J. Basedow, Weltkartellrecht: Ausgangslage und Ziele, Methoden und Grenzen der internationalen Vereinheitlichung des Rechts der Wettbewerbsbeschränkungen (Mohr Siebeck, Tübingen 1998); K. Meessen, Das Für und Wider eines Weltkartellrechts (2000) 50 Wirtschaft und Wettbewerb 5; J. ), The Future of Transnational Antitrust – From Comparative to Common Competition Law (Stämpfli / Kluwer, Bern / Den Hague 2003); F. Jenny, International Cooperation on Competition: Myth, Reality, and Perspective (2003) 48 Antitrust Bulletin 973; M.