Institutional competition between optional codes in European contract law: a theoretical and empirical analysis
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| Format: | Abschlussarbeit Buch |
| Sprache: | English |
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2013
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| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 269 S. graph. Darst. |
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Titel: Institutional competition between optional codes in European contract law
Autor: Wulf, Alexander
Jahr: 2013
Table of Contents
INTRODUCTION 15
PART ONE: THEORETICAL FRAMEWORK 23
CHAPTER 1 THE DEBATE ON AN OPTIONAL EUROPEAN CONTRACT
LAW 24
1.1 Political Developments in European Contract Law 24
1.2 The Competence of the European Union to Adopt an Optional European
Contract Law 33
1.2.1 Article 81 TFEU 35
1.2.2 Article 114 TFEU 36
1.2.3 Article 352 TFEU 40
1.2.4 Article 114 TFEU as the Legal Basis for the CESL 41
1.2.5 The German Bundestag's Subsidiarity Objection 45
1.2.6 Need for an Economic and Empirical Justification to Establish the EITs
Competence to Adopt an Optional European Contract Law 49
1.3 Empirical Research on European Contract Law 50
1.3.1 Requests for Empirical Research 51
1.3.2 Previous Empirical Research 54
1.3.2.1 Academic Research 54
1.3.2.2 Research Conducted by the Commission of the European Union 59
1.4 The European Commission's Impact Assessment accompanying the Proposal
for a Regulation on a Common European Sales Law 71
1.4.1 Opportunity Costs for Intra-EU Trade 72
1.4.2 Transaction Costs at Company Level and Cumulative Transaction Costs 75
1.4.3 Economic Impact of the Policy Option "Regulation setting up an Optional
Common European Sales Law" 78
1.4.4 Assessment of the IA 80
1.5 The Lack of Formal Statistical Analysis on European Contract Law 81
CHAPTER 2 THE THEORY OF INSTITUTIONAL COMPETITION IN
EUROPEAN CONTRACT LAW 85
2.1 Definition of Institutional Competition 86
2.2 The Law Market and the Legal Framework for Institutional Competition 89
23 The Impact of Institutional Competition on Member States and the EU 91
2.4 The Effect of Harmonization on Institutional Competition 93
2.5 Relevant Insights from the Theory of Institutional Competition for an
Optional European Contract Law 96
CHAPTER 3 AN OPTIONAL EUROPEAN CONTRACT CODE IN THE
INSTITUTIONAL COMPETITION BETWEEN EUROPEAN CONTRACT
LAWS "8
3.1 The Economics of a European Contract Law "
3.2 The European Market for Contract Laws 1°1
3.2.1 Creeping Codification l04
3.2.2 The Theory of Transaction Costs for the Choice of Law 106
3.2.2.1 Information Costs 1°7
3.2.2.2 Suboptimal Choice of Law Costs 08
3.2.3 The Relationship between Information Costs and Suboptimal Choice of Law
Costs 110
3.3 The Theory of Legal Order 1J1
3.3.1 Centralized Order '12
3.3.2 Decentralized Order 113
3.3.3 Knowledge and Order ll4
3.3.4 The Relationship between Centralized and Decentralized Order 115
3.4 Competition for Innovation H6
3.4.1 The Supply Side 117
3.4.2 The Demand Side H9
3.4.3 The Relationship between the Supply Side and the Demand Side 120
3.5 The European Contract Law 121
3.5.1 Centralized Order - A Single Contract Law 122
3.5.2 Decentralized Order - The European Market for Contract Laws 123
3.5.3 Competition for Innovation in the European Market for Contract Laws 123
3.6 The Cycle of European Contract Law Model 126
3.7 The Restraining Effect of Consumer Protection Rules on Institutional
Competition 129
3.8 Implications Derived from the Cycle of European Contract Law Model for the
Implementation of an Optional European Contract Law 132
PART TWO: EMPIRICAL RESEARCH 135
CHAPTER 4 METHODOLOGY 137
4.1 Research Design 138
4.2 Sampling of Respondents 141
4.3 Design of Questionnaire 144
4.4 Procedure 145
4.5 Representativeness of the Sample 146
CHAPTER 5 ASSOCIATION ANALYSIS FOR THE CHOICE OF PROPER
CONTRACT LAW AND DISPUTE RESOLUTION FORUM IN CROSS-
BORDER CONTRACTS 148
5.1 Introduction to the Analysis of Associations between Variables 149
5.2 General Overview of Contract Laws and Dispute Resolution Forums 151
5.2.1 Differentiation of the Concept Dispute Resolution Forum 152
5.2.2 The Variable Pairs Contract Law and Dispute Resolution Forum 155
5.2.3 Results of the Association Analysis 156
5.3 Choice of Contract Law and Dispute Resolution Forum 158
5.3.1 The Variable Pairs Choice of Contract Law and Choice of Dispute Resolution
Forum 159
5.3.2 Results of the Correlation Analysis 160
5.4 Interpretation - Do Contracting Parties Differentiate between the Dispute
Resolution Forum and the Applicable Contract Law when Choosing them for
a Cross-Border Transaction? 162
CHAPTER 6 REGRESSION MODELS FOR ADDRESSING QUESTIONS IN
EUROPEAN CONTRACT LAW 164
6.1 Introduction to Binary Logistic Regression Analysis 164
6.1.1 The Binary Logistic Regression Model 165
6.1.2 Dichotomisation of the Dependent Variables 166
6.1.3 Treating Ordinal Explanatory Variables as Continuous 167
6.1.4 Multicollinearity Assumption and the Test for Multicollinearity 168
6.1.5 Goodness of Fit 169
6.2 Preference for a European Contract Law Binary Logistic Regression Model 170
6.2.1 Response and Explanatory Variables 170
6.2.2 Nested Model Structure 175
6.2.2.1 Full Model 176
6.2.2.2 Reduced Model 177
6.2.3 Fitted Probabilities of Preference for a European Contract Law 178
6.2.4 Interpretation - What are the Characteristics of the Supporters of a European
Contract Law? 179
6.3 Preference for a European Civil Justice System Binary Logistic Regression
Model 182
6.3.1 Response and Explanatory Variables 182
6.3.2 Nested Model Structure 187
6.3.2.1 Full Model 188
6.3.2.2 Reduced Model 189
6.3.3 Fitted Probabilities of Preferring a European Civil Justice System 190
6.3.4 Interpretation - What are the Characteristics of the Supporters of a European
Civil Justice System? 191
6.4 The Use of Optional Contract Codes Binary Logistic Regression Model 193
6.4.1 Response and Explanatory Variables 193
6.4.2 Nested Model Structure 197
6.4.2.1 Reduced Model 198
6.4.2.2 Full Model 199
6.4.3 Fitted Probabilities of Using Optional Contract Codes 201
6.4.4 The Effect of the Variable "Home Jurisdiction' 202
6.4.5 Interpretation - What are the Characteristics of the Users of Optional Contract
Codes? 204
CHAPTER 7 THE TRANSACTION COSTS LATENT VARIABLE MODEL 208
7.1 The Indicator Variables 210
7.2 The Transaction Costs Confirmatory Factor Model 212
7 J The Use of Optional Contract Codes Factor Score Binary Logistic Regression
Model 216
7.4 Interpretation - Do the Concepts of Information Costs and Suboptimal Choice
of Law Costs Adequately Describe the Transaction Costs Involved in Cross-
Border Transactions? 219
PART THREE: CONCLUSIONS 221
CHAPTER 8 ASSESSMENT OF THE DESIRABILITY OF AN OPTIONAL
EUROPEAN CONTRACT LAW 221
8.1 Summary of the Main Theoretical Findings 222
8.2 Summary of the Main Empirical Findings 223
8.2.1 The Interdependence between the Dispute Resolution Forum and the
Applicable Contract Law 224
8.2.2 Portrayal of the Supporters of a European Contract Law 225
8.2.3 Portrayal of the Supporters of a European Civil Justice System 226
8.2.4 Portrayal of the Users of Optional Contract Laws 227
8.2.5 Concluding Remarks on the Research Design Employed 229
8.3 Recom menda tions for Future Policy in the Field of European Contract La w 230
REFERENCES 236
APPENDIX - OUTLOOK ON FUTURE RESEARCH 260
GERMAN SUMMARY 267
10 |
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| spelling | Wulf, Alexander Verfasser aut Institutional competition between optional codes in European contract law a theoretical and empirical analysis vorgelegt von Alexander Wulf 2013 269 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Hamburg, Bucerius Law School, Diss., 2013 Europäische Union (DE-588)5098525-5 gnd rswk-swf Fakultativität (DE-588)4398939-1 gnd rswk-swf Vertragsrecht (DE-588)4063283-0 gnd rswk-swf Systemwettbewerb (DE-588)4537710-8 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Europäische Union (DE-588)5098525-5 b Vertragsrecht (DE-588)4063283-0 s Fakultativität (DE-588)4398939-1 s Systemwettbewerb (DE-588)4537710-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026910934&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Wulf, Alexander Institutional competition between optional codes in European contract law a theoretical and empirical analysis Europäische Union (DE-588)5098525-5 gnd Fakultativität (DE-588)4398939-1 gnd Vertragsrecht (DE-588)4063283-0 gnd Systemwettbewerb (DE-588)4537710-8 gnd |
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| title | Institutional competition between optional codes in European contract law a theoretical and empirical analysis |
| title_auth | Institutional competition between optional codes in European contract law a theoretical and empirical analysis |
| title_exact_search | Institutional competition between optional codes in European contract law a theoretical and empirical analysis |
| title_full | Institutional competition between optional codes in European contract law a theoretical and empirical analysis vorgelegt von Alexander Wulf |
| title_fullStr | Institutional competition between optional codes in European contract law a theoretical and empirical analysis vorgelegt von Alexander Wulf |
| title_full_unstemmed | Institutional competition between optional codes in European contract law a theoretical and empirical analysis vorgelegt von Alexander Wulf |
| title_short | Institutional competition between optional codes in European contract law |
| title_sort | institutional competition between optional codes in european contract law a theoretical and empirical analysis |
| title_sub | a theoretical and empirical analysis |
| topic | Europäische Union (DE-588)5098525-5 gnd Fakultativität (DE-588)4398939-1 gnd Vertragsrecht (DE-588)4063283-0 gnd Systemwettbewerb (DE-588)4537710-8 gnd |
| topic_facet | Europäische Union Fakultativität Vertragsrecht Systemwettbewerb Hochschulschrift |
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