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This article examines the differing legal treatment of pre-dispute consumer arbitration agreements in the European Union and the United States. Under the E.U. Directive on Unfair Terms in Consumer Contracts (particularly as implemented in the United Kingdom), most such agreements are invalid. In...
Persistent link: https://www.econbiz.de/10013122676
I show that an introduction of a liability on firms, proportional to the difference between consumers' beliefs and the effective terms of purchase/contract, can improve both social welfare and consumer surplus, depending on the relative magnitudes of: 1) decrease in the gap between the beliefs...
Persistent link: https://www.econbiz.de/10012971834
Guaranties and suretyships reduce the risk of default and today remain essential arrangements in many commercial and consumer transactions. A guarantor or surety promises to pay for the debt of a third party and may become primarily liable on that debt. Despite the significance of such a promise...
Persistent link: https://www.econbiz.de/10013045688
This chapter was presented at a conference in Dublin on the (then) new Rome I Regulation of the European Union in the fall of 2009. It contrasts the Rome I rules on party autonomy with those in the United States. In particular, it considers the rules in the Rome I Regulation that ostensibly...
Persistent link: https://www.econbiz.de/10014174890
This article is the National Report of the United States for the XVIIth International Congress of Comparative Law held in Utrecht, The Netherlands. Part I provides an overview of international arbitration law in the United States, highlighting some currently unsettled issues. Part II describes...
Persistent link: https://www.econbiz.de/10014179021
This bibliography covers private international law, or conflict of laws, in a broad sense. In particular, it covers judicial or adjudicatory jurisdiction, prescriptive jurisdiction, choice of forum, choice of law, federal-state conflicts, recognition and enforcement of sister-state and...
Persistent link: https://www.econbiz.de/10014148634
This study presents evidence that contracting is positively associated with the scale of production for six major U … likelihood of an operation contracting increases with its scale. This relationship is strongest in the cattle and hog sectors … scale and contracting are proposed, including imperfect capital markets, contractor transaction costs, input leverage …
Persistent link: https://www.econbiz.de/10009429545
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10010202908
Persistent link: https://www.econbiz.de/10009788851
Persistent link: https://www.econbiz.de/10010437538