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Optimal Regulation and the Law of International Trade
The Interface between the Right to Regulate and WTO Law


Part of Cambridge International Trade and Economic Law

Petros C. Mavroidis
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  • Date Published: November 2015
  • availability: Available
  • format: Hardback
  • isbn: 9781107116122

$ 110.00

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About the Authors
  • Are the limitations imposed on World Trade Organization (WTO) members' right to regulate efficient? This is a question that is only scarcely, if ever, analysed in existing literature. Boris Rigod aims to provide an answer to this fundamental concern. Using the tools of economic analysis and in particular the concept of economic efficiency as a benchmark, the author states that domestic regulatory measures should only be subject to scrutiny by WTO bodies when they cause negative international externalities through terms of trade manipulations. He then suggests that WTO law, applied by the WTO judiciary can prevent WTO members from attaining optimal levels of regulation. By applying a law and economics methodology, Rigod provides an innovative solution to the problem of how to reconcile members' regulatory autonomy and WTO rules as well as offering a novel analytical framework for assessing domestic regulations in the light of WTO law.

    • Proposes a new view on the key aspects of the WTO system from a law and economics perspective
    • Comprehensively covers the field of domestic regulation under WTO law
    • Reviews and applies the most recent insights from economics and decision theory
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    Product details

    • Date Published: November 2015
    • format: Hardback
    • isbn: 9781107116122
    • length: 322 pages
    • dimensions: 229 x 152 x 19 mm
    • weight: 0.6kg
    • contains: 16 b/w illus. 5 tables
    • availability: Available
  • Table of Contents

    Foreword Petros C. Mavroidis
    Law and economics in a nutshell
    Part I. Optimal Regulation and International Trade Law - Theory:
    1. Introduction to Part I
    2. Optimal regulation
    3. Deviations from optimal regulation
    4. Deviations from optimal regulation and the role of international trade agreements
    5. Conclusion to Part I
    Part II. Optimal Regulation and International Trade Law - Application:
    6. Introduction to Part II
    7. Domestic regulation and the GATT
    8. Domestic regulation and the TBT Agreement
    9. Domestic regulation and the SPS
    10. Conclusion to Part II.

  • Author

    Boris Rigod, Freshfields Bruckhaus Deringer
    Boris Rigod practises international trade and competition law at Freshfields Bruckhaus Deringer. He was a Fulbright-Schuman Scholar at Stanford Law School and NYU School of Law and has published in leading journals on international trade law.


    Petros C. Mavroidis

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