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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

3 Issues per year

SCImago Journal Rank (SJR) 2015: 0.196
Source Normalized Impact per Paper (SNIP) 2015: 0.401
Impact per Publication (IPP) 2015: 0.244

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    Volume 13 (2017)


    Your Benefits:
    • Interdisciplinary approach to law and economics
    • Critical, multifaceted research on legal institutions
    • Internationally recognized reviewers
    • Special issues on up to date discussions in the journal’s topics
    • Ahead of print publication

    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. It specializes in the application to legal issues of insights developed in economic disciplines.

    Unlike traditional journals in law and economics, The Review of Law & Economics is published online, 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.

    • Law
    • Economics
    • Microeconomics
    • Game theory
    • Finance
    • Econometrics
    • Decision theory
    • Political economy
    • Public choice
    • Behavioral economics
    • Social psychology
    • Evolutionary biology

    Article formats

    Theoretical and empirical interdisciplinary research articles

    Information on submission process


    Type of Publication:

    researchers and practitioners dealing with problematic aspects of law and economics

    Submission of Manuscripts

    Instructions for Authors

    You can easily submit your manuscript online. Simply go to http://mc.manuscriptcentral.com/dgrle and you will be guided through the whole peer-reviewing and publishing process

    Your benefits of publishing with us
    • Efficient manuscript processing through our submission tool
    • Rapid turnaround times: quick publication after the decision
    • Open Access publication option available
    • Ahead of print publication
    • Every article easily discoverable because of SEO and comprehensive abstracting and indexing services
    • The journal is ranked, among others, in SCImago, and has a significant impact per publication
    • Convenient citation tracking via e-mail alert
    • Secure archiving by De Gruyter and the independent archiving service Portico
    • Professional sales and marketing activities
    Submission process
    • Submission of your paper via our submission management tool following the instructions for Authors
    • Peer review process (you will be guided through every step via ScholarOne). Editorial Office will make its best to do it in a timely manner
    • You will be informed by e-mail if your manuscript has been accepted or rejected or if it requires further editing
    • Ahead of print publishing of your article (online)
    • Print version is available as well
    Please note
    • Footnotes should follow Bluenote formatting. For an Endnote template, please follow this address: http://endnote.com/downloads/style/bluebook-law-review
    • Before submitting your article please have a look at our copyright agreement
    • Once your article is accepted you have the option to publish it open access
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    • If you have any general questions please visit our FAQ page for authors

    We look forward to receiving your manuscript!


    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 http://mc.manuscriptcentral.com/dgrle


    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. COPYEDITING/LANGUAGE EDITING
    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

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    Areas of expertise: political science, social sciences, humanities, ethics

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    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, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=425880.

    • 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.

    Hybrid Open Access

    For complete details on hybrid open access publishing at De Gruyter please see: https://www.degruyter.com/page/560

    Effective 1st January 2016, authors from an institution affiliated with either the Association of Dutch Universities (VSNU), the Consortium of Swiss Academic Libraries or some UK libraries participating in the Jisc Collections SMP may publish primary research and review articles open access in any of De Gruyter’s OnlineOpen journals at a discount of 90% of the APC price. For more information and to confirm whether your institution is eligible please see the following:

    The Netherlands: https://www.degruyter.com/page/1461
    The UK: https://www.degruyter.com/page/1462
    Switzerland:  https://www.degruyter.com/page/1463

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    Abstracting & Indexing

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

    • Baidu Scholar
    • Cabell's Directory
    • Celdes
    • CNKI Scholar (China National Knowledge Infrastructure)
    • CNPIEC
    • EBSCO (relevant databases)
    • EBSCO Discovery Service
    • ECONIS
    • EconLit
    • Elsevier - SCOPUS
    • ERIH PLUS (European Reference Index for the Humanities and Social Sciences)
    • Genamics JournalSeek
    • Google Scholar
    • J-Gate
    • JournalTOCs
    • KESLI-NDSL (Korean National Discovery for Science Leaders)
    • Microsoft Academic
    • Naviga (Softweco)
    • Primo Central (ExLibris)
    • ProQuest (relevant databases)
    • ReadCube
    • Research Papers in Economics (RePEc)
    • ResearchGate
    • SCImago (SJR)
    • Sherpa/RoMEO
    • Summon (Serials Solutions/ProQuest)
    • TDNet
    • Ulrich's Periodicals Directory/ulrichsweb
    • WanFang Data
    • WorldCat (OCLC)

    Editorial Information

    Francesco Parisi (University of Minnesota and University of Bologna, USA and Italy)
    Robert Cooter (University of California, Berkeley, USA)
    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, United Kingdom)
    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, United Kingdom)
    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, Magdeburg, Germany)
    Henrik Lando (Copenhagen Business School, Denmark)
    Antony Ogus (University of Manchester, United Kingdom)
    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

    Francesco Parisi (University of Minnesota and University of Bologna, USA and Italy)

    Robert Cooter (University of California, Berkeley, USA)
    Ben Depoorter (University of California, Hastings and Ghent University, USA)
    Gerrit De Geest (Washington University in St. Louis, USA)
    Nuno Garoupa (University of Illinois at Urbana-Champaign, USA)
    Lewis Kornhauser (New York University, USA)

    Past and Current Editors

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

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