Author (Person) | Posner, Eric A. |
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Series Title | Common Market Law Review |
Series Details | Vol.50, No.1/2, 2013, p261-275 |
Publication Date | February 2013 |
ISSN | 0165-0750 |
Content Type | Journal | Series | Blog |
This article forms part of a special edition of the Common Market Law Review. Publishers Abstract: The author makes the following points. First, contrary to the general view, the introduction of an optional instrument should increase rather than reduce transaction costs. Second, although such an instrument can nonetheless produce benefits, it is unlikely that these benefits exceed the transaction-cost harms. Third, he examines the potential dynamic effect of CESL for jurisdiction competition, and conclude that any benefits are likely to be slight. |
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Source Link | http://www.kluwerlawonline.com/index.php?area=Journals |
Subject Categories | Law |
Countries / Regions | Europe |
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