Harmonization of Law

Abstract

Harmonization of the law, in Europe and elsewhere, can be a theory driven process in which law and economics research (J.E.L. code K) can play an important role. With the example of a recent German case, the Waterpenny case, and an established piece of legislation, the Civil Code, it is shown how economic reasoning can enter into the process of jurisdiction, but also legislation. Broader lessons can be drawn from these studiesEconomics ;