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

Roland Kirstein, Dieter Schmidtchen and Alexander R. Neunzig

No 2004-01, CSLE Discussion Paper Series from Saarland University, CSLE - Center for the Study of Law and Economics

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.

Keywords: conflict of law; international private law; transaction costs; enforcement of judgments. (search for similar items in EconPapers)
JEL-codes: F15 F02 K33 (search for similar items in EconPapers)
Date: 2004
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Persistent link: http://EconPapers.repec.org/RePEc:zbw:csledp:200401

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