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Review of Law & Economics

Editor-in-Chief: Parisi, Francesco

Ed. by Cooter, Robert D. / Gómez Pomar, Fernando / Kornhauser, Lewis A. / Parchomovsky, Gideon / Engel, Christoph

SCImago Journal Rank (SJR) 2014: 0.179
Source Normalized Impact per Paper (SNIP) 2014: 0.610
Impact per Publication (IPP) 2014: 0.311

Aims and Scope

The Review of Law & Economics (RLE) is published in cooperation with the European Association of Law and Economics (EALE) and De Gruyter. The Review publishes theoretical and empirical interdisciplinary research in law and economics-related subjects. The Journal explores the various understandings that economic approaches shed on legal institutions.

The Review specializes in the application to legal issues of insights developed in economic disciplines such as microeconomics and game theory, finance, econometrics, and decision theory, as well as in related disciplines such as political economy and public choice, behavioral economics and social psychology, and evolutionary biology.

Unlike traditional journals in law and economics, The Review of Law & Economics is published over the Internet, avoiding much of the delays and hassle of print publication. The electronic content in the journal appears continuously, as articles are accepted for publication. The journal also publishes two special issues at the end of every year, the first with papers from the European Association of Law and Economics annual symposium, and the second on a timely special topic.

Type of Publication:

Instructions for Authors


This document provides authors with details on policy, copyediting, formatting, and layout requirements pertaining to final manuscript submission to this journal. All manuscripts must have correct formatting to be considered for publication. 
The manuscript submission and review process is handled through ScholarOne Manuscripts. All manuscripts should be submitted to


Unpublished material: Submission of a manuscript implies that the work described is not copyrighted, published or submitted elsewhere, except in abstract form. The corresponding author should ensure that all authors approve the manuscript before its submission.

Copyright: Manuscripts are accepted on condition of transfer of copyright (for U.S. government employees: to the extent transferable) to Review of Law & Economics. Once the manuscript is accepted, it may not be published elsewhere without the consent of the copyright holders. 

The ScholarOne system has been designed to improve the scholarly publication process for authors. Among the many improvements we offer over traditional journals, the most significant is that we have dramatically shortened the period between the initial submission and the final publication of a peer-reviewed article. Much of this time savings is due to the innovative use of electronic publication. These innovations, however, require certain changes in the way authors need to prepare accepted manuscripts for electronic publication.

De Gruyter does provide a light copyedit of manuscripts for this journal, but authors remain responsible for being their own copyeditors. Please get in touch with the copyeditors directly to discuss details.

Alexandra Griswold
Areas of expertise: public policy, political science, education, economics, social sciences, humanities, ethics
Cyndy Brown
Areas of expertise: political science, social sciences, humanities, ethics
Dorothy Schepps
Areas of expertise: political science, emergency management, homeland security, community/land use planning, law, economics, cyber terrorism, and cyber security
Jane Cotnoir
Areas of expertise: Local government management, international crime and terrorism, emergency/disaster management, humanities, social science
Patience Kramer
Areas of expertise: Health and Medicine (CAM and drug policy and analysis), Economics and Business (with a focus on marketing)
Steve Peter
Areas of expertise: LaTeX, Linguistics, economics, mathematics


Write your article in English

Do not include a separate title page

Use the following document structure:

  1. Title

  2. Author(s)

  3. Author Affiliation

  4. Abstract

  5. Introduction (titling this section is optional)

  6. Subsequent sections including all tables and figures

  7. Appendices (if any)

  8. Bibliography

Do not include page numbers, headers, or footers. (The system will add the appropriate header with page numbers).

Submit your manuscript, including tables, figures, appendices, etc., as a single file (Word or Latex files are accepted).

Page size should be 8.5 x 11-inches; margins (left, right, top and bottom) should be 1.5 inches (3.8 cm).

Single space text; use a single column layout with both left and right margins justified.


  • Main Body -- 12pt. Times or the closest comparable font available

  • Footnotes -- 10pt. Times or the closest comparable font available

Include a bibliography following the guidelines below.

If figures are included, use high-resolution figures, preferably encoded as encapsulated PostScript (eps).


Additional Recommendations

Article Length

Because the Journal publishes electronically, page limits are not as relevant as they are in the world of print publications. We are happy, therefore, to let authors take advantage of this greater ''bandwidth'' to include material that they might otherwise have to cut to get into a print journal. This said, authors should exercise some discretion with respect to length.


The font for the main body of text must be black and in Times 12pt. or closest comparable font available, except where special symbols are needed. All text should be justified (i.e., flush with the margins--except where indented). Indent all paragraphs except those following a section heading. Do not insert extra space between paragraphs of text with the exception of long quotations, theorems, propositions, special remarks, etc. These should be set off from the surrounding text by additional space above and below.

Whenever possible use italics to indicate text you wish to emphasize rather than underlining it. Titles of books, movies, etc., should also be set in italics rather than underlined.

Language & Grammar

All submissions must be in English. Use American standard spelling, i.e., color rather than colour, legalize rather than legalise. Do not italicize foreign or latin terms in common usage in the field, such as ex ante, ex post, and a priori. Non-common foreign terms should be set in italics rather than underlined. For questions regarding standard English grammar, The Elements of Style by William Strunk, Jr. and E. B. White (now in its fourth edition) is the ''standard'' guide, but other excellent guides exist as well (e.g., The Chicago Manual of Style, University of Chicago Press). Indent all paragraphs except those following a section heading. An indent should be at least 2 em-spaces.


Headings (e.g., start of sections) should be distinguished from the main body text by use of a sans serif font (e.g., Arial) or by use of small caps, and should be numbered sequentially using this pattern:

  1. Heading Level 1: 1.

  2. Subheading Level 2: 1.1

  3. Subheading Level 3: 1.1.1

  4. Subheading Level 4:

Tables and Figures

Tables and figures should appear in the document near where they are referenced in the text. Large tables or figures should be put on pages by themselves. Avoid the use of overly small type in tables. In no case should tables or figures be in a separate document or file.

While we encourages authors to take advantage of the ability to use color in the production of figures, maps, etc., you need to appreciate that this will cause problems for some of your readers when they print the document on a black & white printer. For this reason, you are advised to avoid the use of colors in situations where their translation to black and white would render the material illegible or incomprehensible.


Roman letters used in mathematical expressions as variables should be italicized. Roman letters used as part of multi-letter function names should not be italicized. Whenever possible, subscripts and superscripts should be a smaller font size than the main text.

Short mathematical expressions should be typed inline. Longer expressions should appear as display math. Also expressions using many different levels (e.g., such as the fractions) should be set as display math. Important definitions or concepts can also be set off as display math. Equations should be numbered sequentially.

Symbols and notation in unusual fonts should be avoided. This will not only enhance the clarity of the manuscript, but it will also help insure that it displays correctly on the reader's screen and prints correctly on her printer. When proofing your document in PDF pay particular attention to the rendering of the mathematics, especially symbols and notation drawn from other than standard fonts.


Footnotes: All footnotes should be numbered sequentially and appear at the bottom of the page on which they are referenced rather than at the end of the paper. They should be in 10pt. Times or closest comparable font and single-spaced. Footnote numbers in the text should follow, rather than precede, punctuation. Cases and statutes used or cited should be in the style of the Harvard Law Review's A Uniform System of Citation (commonly called ''Bluebook form''). Do not use supra, op. cit., id., or similar terms. Do not italicize ''See'' and ''e.g.''

Footnotes should contain substantive comments and additional references not immediately relevant to the text. Mere citations, regardless of number, should be incorporated in the text, referencing full citations which appear in a bibliography at the end. Excessively long footnotes are probably better handled in an appendix.

Text Citation: Notes that consist merely of supporting citations should be placed in parentheses in the text following the statement they support: e.g., ''or the labor market (Weber, 1990; Keynes, 1992).'' If the author's name is mentioned in the text, insert the reference date in parentheses after the author's name: ''Marx (1997) builds a model.'' For page cites use this form: (Pitchford, 1998:102) or (Dharmapala and Pitchford, 1999:303-309). Use and rather than ''&'' for two authors. If there are three or more authors, give the last name of the first author and append "et al.": a work by Abel, Baker, and Charley, would thus be cited as ''(Abel et al., 1987).'' If two or more cited works share the same authors and dates, use ''a,'' ''b,'' and so on to distinguish among them.

For instance, ''Jones (1994b) provides a more general analysis of the model introduced in Example 3 of Jones (1994a).'' When citations appear within parentheses, use commas rather than parentheses or brackets to separate the date from the surrounding text. For instance, '' ...(see Smith, 1776, for an early discussion of this).'' After the first cite in the text using the author-date method, subsequent cites can use just the last names if that would be unambiguous.

Bibliography: It is the author's obligation to provide complete references with the necessary information. The full citation should be placed in a bibliography following the text. Use hanging indents and single-spacing, with extra space between citations. List more than one publication by the same author in chronological order by date of publication, beginning with the earliest. Author first name may be spelled out, or you may use first initial only, so long as you are consistent throughout bibliography. For more than one publication in one year by the same author, add lowercase letters,; for example, 1972a and 1972b. Hyperlinks may be included, but the links should be formatted as black text.

Sample references:

  • Alpert, W., and H. Raiffa. 1969. ''A Progress Report on the Training of Probability Assessors,'' unpublished manuscript.

  • Arrow, Kenneth J. 1982. ''Risk Perception in Psychology and Economics,'' 20 Economic Inquiry 1-9.

  • Ayres, Ian. Forthcoming. Optional Law: Real Options in the Structure of Legal Entitlements. Chicago, IL: University of Chicago Press.

  • Bar-Gill, Oren. 2002. ''The Evolution and Persistence of Optimism in Litigation,'' Discussion Paper No. 373, John M. Olin Center for Law, Economics, and Business, Harvard Law School.

  • ________. 2004. ''Seduction by Plastic,'' 98 Northwestern University Law Review 1373.

  • Bazerman, M.H. 2002. Judgment in Managerial Decision Making, 5th ed. New York, NY: John Wiley & Sons.

  • ________ and E.J. Zajac. 1991. ''Blind Spots in Industry and Competitor Analysis: Implications of Interfirm (Mis)perceptions for Strategic Decisions,'' 16 Academy of Management Review 37-56.

  • Calabresi, Guido, and Douglas Melamed. 1972. ''Property Rules, Liability Rules, and Inalienability: One View of the Cathedral,'' 85 Harvard Law Review 1089-1128.

  • Coase, Ronald 1960. ''The Problem of Social Cost,'' 3 Journal of Law and Economics 1-44.

  • Faure, Michael G. 2002. ''Economic Analysis,'' in Bernhard A. Koch and Helmut Kotziol, eds. Unification of Tort Law: Strict Liability. The Hague: Kluwer.

  • Jolls, Christine, and Cass R. Sunstein. 2004. ''Debiasing Through Law,'' Discussion Paper No. 495, John M. Olin Center for Law, Economics, and Business, Harvard Law School.

  • ________, ________ and Richard H. Thaler. 1998. ''A Behavioral Approach to Law and Economics,'' 50 Stanford Law Review 1471-1550.

  • La Porta, Rafael, Florencio Lopez-de-Silanes, and Andrei Shleifer. 1999. ''Corporate Ownership around the World,'' 54 Journal of Finance 471.

  • ______, ________, and ________. 2003. ''What Works in Securities Laws?'' SSRN Working Paper,

  • Polinsky, A. Mitchell, and Daniel L. Rubinfeld. 1988a. ''The Welfare Implications of Costly Litigation for the Level of Liability,'' 17 Journal of Legal Studies 151-164.

  • ________ and ________. 1988b. ''The Deterrent Effect of Settlements and Trials,'' 8 International Review of Law and Economics 109-116.

Other works: Provide author's (s') name(s), title of work, year (or ''n.d.'' if no date), and information about how the reader could obtain a copy.

Review of Law & Economics is covered by the following services:

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  • EBSCO Discovery Service
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  • Elsevier - SCOPUS
  • ERIH PLUS (European Reference Index for the Humanities and Social Sciences)
  • Genamics JournalSeek
  • Google Scholar
  • J-Gate
  • JournalTOCs
  • Naviga (Softweco)
  • Primo Central (ExLibris)
  • ProQuest (relevant databases)
  • ReadCube
  • Research Papers in Economics (RePEc)
  • ResearchGate
  • SCImago (SJR)
  • Summon (Serials Solutions/ProQuest)
  • TDOne (TDNet)
  • Ulrich's Periodicals Directory/ulrichsweb
  • WorldCat (OCLC)


Francesco Parisi, University of Minnesota and University of Bologna, USA and Italy
Robert Cooter, University of California, Berkeley, USA
Dominique Demougin, European Business School, Germany
Fernando Gómez, Pompeu Fabra University, Barcelona, Spain
Lewis Kornhauser, New York University, USA
Gideon Parchomovsky, University of Pennsylvania, USA
Christoph Engel, Max Planck Institute, Germany

Editorial Board

John Armour, University of Oxford, UK
Benito Arrunada, Pompeu Fabra University, Barcelona, Spain
Ian Ayres, Yale University, USA
Lucian Bebchuck, Harvard University, USA
Omri Ben-Shahar, University of Chicago, USA
Iris Bohnet, Harvard University, USA
Roger Bowles, University of York, UK
Dhammika Dharmapala, University of Illinois at Champaign-Urbana, USA
Frank H. Easterbrook, University of Chicago, USA
Robert C. Ellickson, Yale University, USA
Winand Emons, University of Bern, Switzerland
Michael Faure, University of Maastricht, The Netherlands
Paul Fenn, University of Nottingham, UK
Luigi Franzoni, University of Bologna, Italy
Bruno S. Frey, University of Zurich, Switzerland
Jesse M. Fried, Harvard University, USA
Fernando Gómez, Pompeu Fabra University, Barcelona, Spain
Andrew T. Guzman, University of California, Berkeley, USA
Henry B. Hansmann, Yale University, USA
Christine Jolls, Yale University, USA
Louis Kaplow, Harvard University, USA
Roland Kirstein, Otto-von-Guericke University, Germany
Henrik Lando, Copenhagen Business School, Denmark
Antony Ogus, University of Manchester, UK
A. Mitchell Polinsky, Stanford University, USA
Eric A. Posner, University of Chicago, USA
Richard A. Posner, University of Chicago, USA
Daniel L. Rubinfeld, University of California, Berkeley, USA
Chris William Sanchirico, University of Pennsylvania, USA
Steven M. Shavell, Harvard University, USA
Goran Skögh, Linköping University, Sweden
Paul B. Stephan III, University of Virginia, USA
Cass R. Sunstein, Harvard University, USA
Thomas S. Ulen, University of Illinois at Urbana-Champaign, USA
Roger van den Bergh, University of Rotterdam, The Netherlands

Founding Editors

Editor-in-Chief: Francesco Parisi, University of Minnesota and University of Bologna
Robert Cooter, University of California, Berkeley
Ben Depoorter, University of California, Hastings and Ghent University
Gerrit De Geest, Washington University in St. Louis
Nuno Garoupa, University of Illinois at Urbana-Champaign
Lewis Kornhauser, New York University

Past and Current Editors

(listed alphabetically, since 2004)
Robert Cooter (2004–), University of California, Berkeley
Dominique Demougin (2012–2015), European Business School
Ben Depoorter (2004–2011), University of California, Hastings and Ghent University
Gerrit De Geest (2004–2009), Washington University in St. Louis
Christoph Engel (2015- ), Max Planck Institute, Germany
Nuno Garoupa (2004–2010), University of Illinois at Urbana-Champaign
Fernando Gómez (2011–), Pompeu Fabra University, Barcelona
Tonja Jacobi (2012–2014), Northwestern University
Lewis Kornhauser (2004–), New York University
Giuseppe Dari Mattiacci (2010–2013), University of Amsterdam
Gideon Parchomovsky (2014–), University of Pennsylvania, USA
Francesco Parisi (2004–), University of Minnesota and University of Bologna
Thomas S. Ulen (2014–2016), University of Illinois at Urbana-Champaign
Stefan Voigt (2009–2012), University of Hamburg

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