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.

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

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