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LEGAL INSTITUTIONS OF THE MARKET ECONOMY: PRIVATE
COMMERCIAL ARBITRATION AS TRANSACTION COSTS REDUCER IN
COLOMBIA
by
J. Mauricio Sanabria
______________________________________________________________
A Thesis Presented to the
FACULTY OF THE GRADUATE SCHOOL
UNIVERSITY OF SOUTHERN CALIFORNIA
In Partial Fulfillment of the
Requirements for the Degree
MASTERS OF ARTS
(ECONOMICS)
August 2009
Copyright 2009 J. Mauricio Sanabria
Object Description
| Title | Legal institutions of the market economy: private commercial arbitration as transaction costs reducer in Colombia |
| Author | Sanabria, Javier Mauricio |
| Author email | sanabria@usc.edu; sanabria.jm@gmail.com |
| Degree | Master of Arts |
| Document type | Thesis |
| Degree program | Economics |
| School | College of Letters, Arts and Sciences |
| Date defended/completed | 2009-05-13 |
| Date submitted | 2009 |
| Restricted until | Unrestricted |
| Date published | 2009-07-27 |
| Advisor (committee chair) | Cheng, Harrison |
| Advisor (committee member) |
Dekle, Robert Wise, Carol |
| Abstract | This thesis analyzes legal and institutional responses to economic liberalization in Colombia. The main hypothesis is that the increasing use of alternative dispute resolution mechanisms (ADRMs) by economic agents is the consequence of global economic pressures, as well as an attempt to address the crisis of the national judicial system. ADRM’s reduce economic transaction costs, and offer more efficient, predictable, and independent venues for resolving litigation. Consequently, they create a more stable environment for investors. This, in turn, suggests that the relationship between law and economics is rapidly changing at the structural level in Colombia.; this latter point constitutes a secondary hypothesis, wherein market-friendly governance structures guided by private interests are displacing those dominated by the state.; The analysis goes beyond the macro cross-national indices mainstream approach to understanding the relationship between legal institutions and economic interests. The analysis favors a micro case studies approach to better comprehend that interconnection. It analyzes 112 actual arbitration cases heard before the Center for Arbitration and Conciliation, CAC, of Bogotá Chamber of Commerce, between 1985 and 2007. |
| Keyword | private commercial arbitration; legal instituions; Colombia; transaction costs; law and economics; alternative dispute resolution mechanisms; business disputes |
| Geographic subject (country) | Colombia |
| Coverage date | 1985/2007 |
| Language | English |
| Part of collection | University of Southern California dissertations and theses |
| Publisher (of the original version) | University of Southern California |
| Place of publication (of the original version) | Los Angeles, California |
| Publisher (of the digital version) | University of Southern California. Libraries |
| Provenance | Electronically uploaded by the author |
| Type | texts |
| Legacy record ID | usctheses-m2391 |
| Contributing entity | University of Southern California |
| Rights | Sanabria, Javier Mauricio |
| Repository name | Libraries, University of Southern California |
| Repository address | Los Angeles, California |
| Repository email | cisadmin@dots.usc.edu |
| Filename | etd-Sanabria-3050 |
| Archival file | uscthesesreloadpub_Volume40/etd-Sanabria-3050.pdf |
Description
| Title | Page 1 |
| Contributing entity | University of Southern California |
| Repository email | cisadmin@dots.usc.edu |
| Full text | LEGAL INSTITUTIONS OF THE MARKET ECONOMY: PRIVATE COMMERCIAL ARBITRATION AS TRANSACTION COSTS REDUCER IN COLOMBIA by J. Mauricio Sanabria ______________________________________________________________ A Thesis Presented to the FACULTY OF THE GRADUATE SCHOOL UNIVERSITY OF SOUTHERN CALIFORNIA In Partial Fulfillment of the Requirements for the Degree MASTERS OF ARTS (ECONOMICS) August 2009 Copyright 2009 J. Mauricio Sanabria |
