In recent policy discussions, a need is expressed for more substantive control over terms in consumer contracts. This paper comments on one example of this expressed need, namely the suggestion to extend the scope of the fairness test to cover price and main subject matter and the discipline of...

This paper provides an overview of the economic approach to unfair contract terms whereby various economic approaches are distinguished. Addition is paid to the neo classic perspective on unfair contract terms as well as to the approach followed by information economics. Then evidence is...