An Economic Analysis of Private International Law
International private law is one of the few areas of law that has to date largely escaped the attention of the Law and Economics Movement. In spite of the immense significance attached to choice of law determinations in an increasingly interconnected world, the regulations governing the interplay of legal systems in instances of conflict have until now been insufficiently considered from an economic perspective. This volume attempts to address this shortcoming by making the results of a 2005 German-Japanese conference accessible to a wide audience. Placing an emphasis on international contract law, international tort law and international company (corporate) law, the contributors of the articles undertake to analyse various aspects of international private law through an economic perspective.
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HansBernd Schdfer and Katrin Lantermann
Kazuaki Kagami Toshiyuki Kono and Yuko Nishitani
accident applicable law Article behaviour benefits choice of law choice-of-law rules choose conduct Conflict of Laws conflict-of-laws rules conflicts rules contract law corporate law systems courts cross-border relationships Delaware disputes due level economic analysis economic approach European Union ex-ante ex-post information factors German global welfare governing law Guzman supra note incentives incorporation individual infra injurer Int'l interest analysis international law model issues jurisdiction Kaldor-Hicks efficiency Law and Economics law applicable law rules legal order legal rules lex loci delicti lex mercatoria maximise national law normative note 9 optimal Pareto efficiency party autonomy rule place-of-injury rule Politics to Efficiency predictability private international law private law model private parties problem punitive damages regulation regulatory competition rich country Rome Convention shareholders social welfare strict liability substantive law supra note theory of private third-party effects tort law transaction costs unification uniform law vested rights theory victims