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Max Planck Encyclopedia of International Procedural Law [MPEiPro]

Economic Analysis of International Adjudication

Anne van Aaken, Tomer Broude

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 19 January 2021

Arbitral tribunals — International courts and tribunals, decisions — Judicial reasoning — Judicial decisions

Published under the direction of Hélène Ruiz Fabri, with the support of the Department of International Law and Dispute Resolution, under the auspices of the Max Planck Institute Luxembourg for Procedural Law.

1 Since the end of the Second World War, and especially after the end of the Cold War, international adjudication has become a central feature of international relations. Resort to international adjudication for the settlement of international disputes and to ensure the application of international law is an increasingly common phenomenon, evidenced by the considerable increase in the number of international courts and tribunals at both global and regional levels (Alter, 2014, 64). Legal and social science academic scholarship relating to such courts and tribunals...
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