Spontaneous Order - Always Efficient? Comment on Patrick Simon's: "Emergence of a European Ius Commune"

Ius Commune describes the spontaneous development of a european contract law by adaptive behavior of contracting parties to competing law systems and their interpretations by jursidiction. The idea of spontaneous law harmonization is appealing, since its result is independent of centraized planning. However, spontaneous order might be inefficient, due to adaption costs and inefficient equilibria, as the paper demonstrates, making use of simple examples.

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Year of publication:	1997
Authors:	Kirstein, Roland
Publisher:	Saarbrücken : Universität des Saarlandes, Center for the Study of Law and Economics (CSLE)
Subject:	spontaneous order \| coordination failure \| law harmonization \| optimum legal areas

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Series:	CSLE Discussion Paper ; 97-04
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	359600174 [GVK] hdl:10419/23095 [Handle] RePEc:zbw:csledp:9704 [RePEc]
Classification:	K12 - Contract Law ; D71 - Social Choice; Clubs; Committees; Associations ; C72 - Noncooperative Games
Source:	EconStor

Persistent link: https://www.econbiz.de/10010296943