While various liability rules of tort law provide efficient incentives to invest, breach remedies of contract law are claimed to be distortive. Since, at least in Germany, obligations law provides general rules for both contractual and tort relationships such discrepancy seems puzzling. The...

Der Beitrag befaßt sich mit der Frage, inwieweit dem Strafrecht ein Eigengewicht im staatlichen Sanktionensystem zukommt. Im Kern geht es dabei um die wechselseitige Beziehung zwischen Strafrecht und Zivilrecht, die paradigmatisch durch die Stichworte "Strafe und Schadenersatz" oder...

Despite the advances in New Institutional Economics about the economic consequences of institutions and legal rules, up to now we have only limited knowledge about the mechanisms of the evolution of law. By combining the main ideas of Evolutionary Economics and New Institutional Economics this...

The paper reviews (in Czech) the main qualitative tools applied by (micro)economic analysis and surveys the main literature on the topic. Economics is often being criticised by its opponents for the use of unrealistic assumptions. On the contrary, my claim is that if economics has anything to...

This article provides an overview of cases decided by the Court of Justice of the European Union concerning contract law. The present issue covers the period between July 2017 and the beginning of January 2018.

We run a large-scale natural field experiment to evaluate alternative strategies to enforce compliance with the law. The experiment varies the text of mailings sent to potential evaders of TV license fees. We find a strong alert effect of mailings, leading to a substantial increase in...

We run a large-scale natural field experiment to evaluate alternative strategies to enforce compliance with the law. The experiment varies the text of mailings sent to potential evaders of TV license fees. We find a strong alert effect of mailings, leading to a substantial increase in...

The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...

Mit der öffentlichen Debatte um die Transatlantische Handels- und Investitionspartnerschaft (TTIP) ist der Investorenschutz auf der politischen Agenda weit nach oben gerückt. Strittig ist vor allem, ob solche Abkommen tatsächlich nötig sind, um das Vertrauen multinationaler Unternehmen in...