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Conflict of Law Rules and International Trade. A Transaction Costs Approach

Dieter Schmidtchen
Saarland University - Center for the Study of Law and Economics

Roland Kirstein
University of Magdeburg - Economics of Business and Law

Alexander Neunzig
Handelskammer Hamburg

2004

Center for the Study of Law and Economics Working Paper No. 2004-01

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

JEL Classifications: F02, F15, K33

Working Paper Series

Date posted: July 16, 2004 ; Last revised: July 16, 2004

Suggested Citation

Schmidtchen, Dieter, Kirstein, Roland and Neunzig, Alexander, Conflict of Law Rules and International Trade. A Transaction Costs Approach (2004). Center for the Study of Law and Economics Working Paper No. 2004-01. Available at SSRN: http://ssrn.com/abstract=545763 or doi:10.2139/ssrn.545763


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Contact Information

Prof. Dr. Roland Kirstein (Contact Author)
University of Magdeburg - Economics of Business and Law ( email )
Universitaetsplatz 2
39106 Magdeburg 39016
Germany
+493916718729 (Phone)
+493916711764 (Fax)
HOME PAGE: http://www.ww.uni-magdeburg.de/bizecon
Alexander Neunzig
Handelskammer Hamburg ( email )
Abteilung Medien, IT & Design
Hamburg Germany
040/361328-250 (Phone)
040/36138-299 (Fax)
Dieter Schmidtchen
Saarland University - Center for the Study of Law and Economics ( email )
P.O. Box 151 150
Saarbrucken 66041 Germany
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