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Conflict of law rules and international trade : a transaction costs approach

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  • Kirstein, Roland
  • Schmidtchen, Dieter
  • Neunzig, Alexander R.

Abstract

Drawing on Transaction Costs Economics, this paper develops a new approach to conflict of law rules. It outlines a concept of constitutional uncertainty in international trade and presents a model of international transactions in the presence of a diversity of legal orders. We develop a general analytical concept of an international legal order and analyze the impact of different specifications of international legal orders on international transactions. -- Der Beitrag stellt eine auf der Transaktionskosten-Ökonomik basierende Analyse von Kollisionsnormen vor. Hierzu wird zunächst das Konzept der konstitionellen Unsicherheit im internationalen Handel eingeführt. Dann werden internationale Transaktionen im Schatten verschiedener Rechtsordnungen spieltheoretisch modelliert. Das Modell ermöglicht die Analyse internationaler Rechtsordnungen und ihrer Auswirkungen auf die Effizienz internationaler Handelsbeziehungen.

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Bibliographic Info

Paper provided by Saarland University, CSLE - Center for the Study of Law and Economics in its series CSLE Discussion Paper Series with number 2004-01.

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Date of creation: 2004
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Handle: RePEc:zbw:csledp:200401

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Related research

Keywords: conflict of law; international private law; transaction costs; enforcement of judgments.;

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  1. Greif, Avner, 1992. "Institutions and International Trade: Lessons from the Commercial Revolution," American Economic Review, American Economic Association, vol. 82(2), pages 128-33, May.
  2. Eisenberg, Theodore & Wells, Martin T, 1998. "Ranking and Explaining the Scholarly Impact of Law Schools," The Journal of Legal Studies, University of Chicago Press, vol. 27(2), pages 373-413, June.
  3. Carney, William J, 1997. "The Political Economy of Competition for Corporate Charters," The Journal of Legal Studies, University of Chicago Press, vol. 26(1), pages 303-29, January.
  4. Cooter, Robert & Landa, Janet T., 1984. "Personal versus impersonal trade: The size of trading groups and contract law," International Review of Law and Economics, Elsevier, vol. 4(1), pages 15-22, June.
  5. Greif, Avner, 1993. "Contract Enforceability and Economic Institutions in Early Trade: the Maghribi Traders' Coalition," American Economic Review, American Economic Association, vol. 83(3), pages 525-48, June.
  6. Gary S. Becker, 1968. "Crime and Punishment: An Economic Approach," Journal of Political Economy, University of Chicago Press, vol. 76, pages 169.
  7. Kronman, Anthony T, 1985. "Contract Law and the State of Nature," Journal of Law, Economics and Organization, Oxford University Press, vol. 1(1), pages 5-32, Spring.
  8. Kirstein, Roland & Schmidtchen, Dieter, 1997. "Judicial detection skill and contractual compliance," International Review of Law and Economics, Elsevier, vol. 17(4), pages 509-520, December.
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