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The Law Merchant

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Author Info

  • Benson, B.L.

Abstract

Lex Mercatoria, the Law Merchant, generally refers to the custiomary law governing European commercial interactions during the medieval period. Despite its customary nature, however, the Law Merchant constituted a true system of law in the sense defined by Hart (1961), as there were well known "primary rules of obligation" along with obvious and effective "secondary rules" or institutions to induce recognition of, resolve disputes under, and facilitate change in primary rule.

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Bibliographic Info

Paper provided by Department of Economics, Florida State University in its series Working Papers with number 1996_09_03.

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Length: 19 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fsu:wpaper:1996_09_03

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Keywords: LAW ; INTERNATIONAL TRADE;

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Cited by:
  1. repec:hal:cesptp:halshs-00259453 is not listed on IDEAS
  2. Yannick Gabuthy & Nadège Marchand, 2004. "Does Resorting to Online Dispute Resolution Promote Agreements? Experimental Evidence," Working Papers 0401, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
  3. Yannick Gabuthy, 2004. "Online Dispute Resolution and Bargaining," European Journal of Law and Economics, Springer, vol. 17(3), pages 353-371, May.

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