| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP721
|
| DP721 Arbitration in International Trade |
| Alessandra Casella
|
| 发表日期 | 1992-09-06
|
| 出版年 | 1992
|
| 语种 | 英语
|
| 摘要 | The great majority of international contracts provide for arbitration in the event of dispute. Legal scholars argue that international arbitration is causing the development of a legal doctrine attuned to the needs of business and independent of national laws. This paper studies international arbitration as a prime example of private trade shaping international institutions. The provisions and the practice of international arbitration are reviewed, and a general equilibrium model of the relationship between the expansion of international trade and the adoption of arbitration is presented. The model focuses on the heterogeneity of economic agents in terms of their legal needs. It shows how arbitration alters the size and composition of markets, while at the same time responding to exogenous changes in trade. In addition, it shows how the legal services provided by the courts deteriorate in the presence of arbitration, predicting that the share of traders using arbitration should rise as markets expand. Overall, the model does remarkably well in generating results commonly discussed in the legal literature. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Arbitration
Institutions
International integration
|
| URL | https://cepr.org/publications/dp721
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529864
|
推荐引用方式
GB/T 7714 |
Alessandra Casella. DP721 Arbitration in International Trade. 1992.
|
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