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The majoritarian theory is definitely the most prominent and foundational conceptual frameworks that attempts to both explain and legitimize non-mandatory (default) rules in contract law. It builds on the assumption that default rules should reduce the level of transaction costs, by providing...
Persistent link: https://www.econbiz.de/10012838912
The challenges for the existing legal framework, entailed by the Internet revolution, to a growing extent tackle also on the problems of inheritance law. The Bundesgerichtshof's decision of 12 July 2018 (III ZR 183/17) serves as a clear epitome of the complexity of questions triggered by the...
Persistent link: https://www.econbiz.de/10012861090
The paper discusses the results of two empirical research projects on consumer micro-loans in Poland recently conducted at the Institute of Applied Social Sciences (University of Warsaw) and the Institute of Justice. The text summarizes the main findings of both studies and focuses on their main...
Persistent link: https://www.econbiz.de/10012862369
The principles of transparency and explainability are landmarks of the current EU approach to artificial intelligence. Both are invoked in the policy guidelines as values governing algorithmic decision-making, while providing rationales for existing normative provisions, on information duties,...
Persistent link: https://www.econbiz.de/10013231070