Abstract

http://ssrn.com/abstract=831944
 


 



Diversity of Contract Law and the European Internal Market


Jan M. Smits


Maastricht University Faculty of Law - Maastricht European Private Law Institute (M-EPLI)

October 2005

THE NEED FOR A EUROPEAN CONTRACT LAW: EMPIRICAL AND LEGAL PERSPECTIVES, Jan Smits, ed., pp. 153-186, Groningen, 2005
Maastricht Faculty of Law Working Paper No. 2005/9

Abstract:     
This contribution discusses the question whether diversity of contract law among the European member states is a barrier to cross-border trade. This question is important in view of the ongoing debate about the need for a unified European private law. It has tried to answer the question by building upon insights from psychology, economics and law. It turns out that no definitive answer can be given to the question whether the savings in transaction costs through the removal of legal diversity are greater than the losses caused by the termination of competition of legal systems.

Number of Pages in PDF File: 35

Keywords: European Private Law, Unification, Interdisciplinary approach

JEL Classification: K12

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Date posted: November 2, 2005 ; Last revised: August 23, 2008

Suggested Citation

Smits, Jan M., Diversity of Contract Law and the European Internal Market (October 2005). Maastricht Faculty of Law Working Paper No. 2005/9; Maastricht Faculty of Law Working Paper No. 2005/9. Available at SSRN: http://ssrn.com/abstract=831944

Contact Information

Jan M. Smits (Contact Author)
Maastricht University Faculty of Law - Maastricht European Private Law Institute (M-EPLI) ( email )
P.O. Box 616
Maastricht, NL-6200 MD
Netherlands
HOME PAGE: http://www.jansmits.eu
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