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An Economic Analysis of Uniform State Laws

Authors: Ribstein, Larry E.; Kobayashi, Bruce H.;

An Economic Analysis of Uniform State Laws

Abstract

Uniform laws proposed by the National Conference of Commissioners on Uniform State Laws (NCCUSL) cover virtually every area of state law. Yet there is no economic analysis of the NCCUSL's activities. This article addresses this gap in the literature by applying economic analysis to evaluate and explain the NCCUSL's activities and their success in state legislatures. We find that states efficiently sort between NCCUSL proposals in that they tend to adopt these proposals in which a cost-benefit analysis suggests that uniformity is efficient. Nevertheless, the NCCUSL promulgates many laws in which uniformity is not efficient, and the NCCUSL's influence causes some of these proposals to be adopted. Our results suggest that, in many cases, reliance on federal law or on centralized lawmaking bodies such as the NCCUSL to produce uniformity may be both unnecessary and perverse.

Country
United States
Related Organizations
Keywords

Law

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Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
46
Top 10%
Top 10%
Average
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