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The Law Merchant

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Author Info
Benson, B.L.

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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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Publisher 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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Related research
Keywords: LAW ; INTERNATIONAL TRADE;

Find related papers by JEL classification:
K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

Cited by:
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  1. Yannick Gabuthy, 2004. "Online Dispute Resolution and Bargaining," European Journal of Law and Economics, Springer, vol. 17(3), pages 353-371, May. [Downloadable!] (restricted)
  2. Yannick Gabuthy & Nicolas Jacquemet & Nadège Marchand, 2008. "Does Resorting to Online Dispute Resolution Promote Agreements? Experimental Evidence," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00259453_v1, HAL. [Downloadable!]
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This page was last updated on 2009-11-22.


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