Citations (1)


Footnotes (56)



What Can Be Wrong with an Option? An Optional Common European Sales Law as a Regulatory Tool

Horst Eidenmueller

University of Oxford; European Corporate Governance Institute (ECGI)

July 9, 2012

This paper analyses the proposed optional Common European Sales Law (CESL) as a regulatory tool. In principle, an optional CESL can be a sensible means to achieve some level of harmonization and the associated transaction costs savings plus network benefits and at the same time subject the CESL to a market test. However, whether these goals will actually be achieved depends on the design conditions and the content of the option. The CESL option which is currently on the table is harmful. The Draft CESL (DCESL) is a defective product. It might nevertheless become a success on the European market for contract laws or be at least highly influential as a reference text.

Number of Pages in PDF File: 19

Keywords: Common European Sales Law, European Contract Law, Harmonization, Regulatory Competition

JEL Classification: K12

Open PDF in Browser Download This Paper

Date posted: July 10, 2012 ; Last revised: September 11, 2012

Suggested Citation

Eidenmueller, Horst, What Can Be Wrong with an Option? An Optional Common European Sales Law as a Regulatory Tool (July 9, 2012). Available at SSRN: http://ssrn.com/abstract=2102827 or http://dx.doi.org/10.2139/ssrn.2102827

Contact Information

Horst G. M. Eidenmueller (Contact Author)
University of Oxford ( email )
Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom
European Corporate Governance Institute (ECGI) ( email )
B-1050 Brussels
Feedback to SSRN

Paper statistics
Abstract Views: 2,175
Downloads: 742
Download Rank: 23,778
Citations:  1
Footnotes:  56

© 2016 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollobot1 in 1.500 seconds