Rivalry and superior dispatch: An analysis of competing courts in medieval and early modern England
Document Type
Article
Publication Date
6-1-2011
Abstract
In most areas, economists look to competition to align incentives, but not so with courts. Many believe that competition enables plaintiff forum shopping, but Adam Smith praised rivalry among courts. This article describes the courts when the common law developed. In many areas of law, courts were monopolized and imposed decisions on unwilling participants. In other areas, however, large degrees of competition and consent were present. In many areas, local, hundred, manorial, county, ecclesiastical, law merchant, chancery, and common law courts competed for customers. When parties had a choice, courts needed to provide a forum that was ex ante value maximizing. © 2010 Springer Science+Business Media, LLC.
Recommended Citation
Stringham, Edward Peter and Zywicki, Todd J., "Rivalry and superior dispatch: An analysis of competing courts in medieval and early modern England" (2011). College of Business and Economics- Faculty Publications. 232.
https://digitalcommons.uncfsu.edu/college_business_economics/232