Arbeitspapier
Spontaneous Order - Always Efficient? Comment on Patrick Simon's: "Emergence of a European Ius Commune"
Ius Commune describes the spontaneous development of a european contract law by adaptive behavior of contracting parties to competing law systems and their interpretations by jursidiction. The idea of spontaneous law harmonization is appealing, since its result is independent of centraized planning. However, spontaneous order might be inefficient, due to adaption costs and inefficient equilibria, as the paper demonstrates, making use of simple examples.
- Sprache
-
Englisch
- Erschienen in
-
Series: CSLE Discussion Paper ; No. 97-04
- Klassifikation
-
Wirtschaft
Contract Law
Social Choice; Clubs; Committees; Associations
Noncooperative Games
- Thema
-
spontaneous order
coordination failure
law harmonization
optimum legal areas
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kirstein, Roland
- Ereignis
-
Veröffentlichung
- (wer)
-
Universität des Saarlandes, Center for the Study of Law and Economics (CSLE)
- (wo)
-
Saarbrücken
- (wann)
-
1997
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kirstein, Roland
- Universität des Saarlandes, Center for the Study of Law and Economics (CSLE)
Entstanden
- 1997