How global rules are established and stabilized

Arbeitspapier

This paper analyzes how international rules are established and stabilized, i.e. how an international institutional order develops. Rules emerge mainly through learning from negative experience and serve to reduce transaction costs. The paper looks at mechanisms that stabilize rule systems, at bargaining procedures for cooperation gains, dispute settlement, sanctions, side payments, self-enforcing contracts, waivers and regional integrations within a multilateral order. In addition it analyzes the prevention of negative spillovers, international courts and global public goods.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Kiel Working Paper ; No. 1388

Classification and Topics

• Classification: Wirtschaft ; International Economic Order and Integration ; Economic Systems: General ; Relation of Economics to Other Disciplines ; Economic Integration ; Law and Economics: General ; Economic History: General
• Subject: Transaction costs ; Institutional competition ; Gains from cooperation ; Bargaining for cooperation gains ; Positive mechanisms ; International rules ; Internationales Wirtschaftsrecht ; Internationale Handelspolitik ; Transaktionskosten ; Institutioneller Wettbewerb ; Internationale Zusammenarbeit ; Verhandlungen ; Internalisierung externer Effekte ; Theorie ; Welt

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Siebert, Horst
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2007

Further information

• Handle: http://hdl.handle.net/10419/4103
• Last update: 10.03.2025, 11:44 AM CET