Class Action as a Remedy for Market Failure

Jürgen G. Backhaus

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The Law and Economics of Class Actions in Europe

Lessons from America

New Horizons in Law and Economics series

Edited by Jürgen G. Backhaus, Alberto Cassone and Giovanni B. Ramello

This well-documented book discusses the power and limitations of class actions with insights and analysis from a panel of distinguished scholars. It pays special attention to the introduction and the applicability of such a legal device in European civil law countries. The book offers a broad legal and economic investigation, drawing insights from US judicial experience and giving a rigorous discussion of both the philosophical and constitutional aspects and the economic mechanisms and incentives set up by class actions.

Monograph Book

Published in print:: 30 Mar 2012

ISBN:: 9781847208033

eISBN:: 9781781001240

DOI:: https://doi.org/10.4337/9781781001240

Pages:: 400

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Chapter 5: Class Action as a Remedy for Market Failure

Jürgen G. Backhaus

Monograph Chapter

Published:: 30 March 2012

Category:: Monograph Chapter

DOI:: https://doi.org/10.4337/9781781001240.00010

Pages:: (6 total)

Collection: Law 2012

Extract

JOBNAME: Ramello PAGE: 1 SESS: 4 OUTPUT: Tue Feb 28 11:47:52 2012 5. Class action as a remedy for market failure Jürgen G. Backhaus INTRODUCTION Recently and only after the turn of the century, we have been able to witness a remarkable phenomenon ...

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