EAN: 9783658058005

ÖKONOMISCHE ANALYSE DES RECHTS INSTITUTIONAL ...

The Commission of the European Union has identified divergences between the national contract
laws of the Member States as an obstacle to the completion of the European Internal Market and
put this issue on its highest political agenda. Alexander J. Wulf analyses and predicts the
effects. The study is situated in the context of the recent developments in the discussion on
European contract law. The book begins with an introduction to the economic and legal theories
that serve as the rationale for the development of the line of argument. These theories are
then applied to the issues involved in the current controversy on European contract law. The
author develops a model that he uses to analyze the institutional processes of European
contract law. Empirical data are employed to test this model and discuss the results. From his
analysis the author develops criteria that can serve as a starting point for thinking about the
economic desirability of an optional European contract law.

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