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Title Consumer law and economics / Klaus Mathis, Avishalom Tor, editors
Published Cham, Switzerland : Springer, [2021]

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Description 1 online resource
Series Economic analysis of law in European legal scholarship ; volume 9
Economic analysis of law in European legal scholarship ; v. 9.
Contents Intro -- Preface -- Introduction -- Contents -- Contributors -- Part I: Behavioural Insights to Consumer Law -- The Target Opportunity Costs of Successful Nudges -- 1 Introduction -- 2 The Seemingly Low Costs of Nudges -- 3 Target Opportunity Costs -- 4 The Opportunity Costs of Nudges -- 5 Nudges ́Opportunity Costs Largely Ignored -- 6 Conclusion -- References -- Complex Mortgage Loans as a Case Study for Consumer Law and Economics -- 1 Foreign Currency Mortgage Loans in Europe -- 2 The Jurisprudence of the Court of Justice of the European Union -- 3 Assessing the Unfairness
4 Substituting Unfair Contract Terms with Provision of National Law -- 5 The Notion of Transparency: Lenderś Obligations Towards the Borrower -- 6 The Concept of the Average Reasonable Consumer -- 7 Assessment -- 8 Mortgage Loans and Behavioural Law and Economics: How Low Instalment Rates Lured Individuals and Judges Alike -- 9 Conclusion -- References -- The PRIIPs Regulation in View of Behavioural Research: An Example of Hyperbolized Mandated Disclosure -- 1 Introduction -- 1.1 The Point of Departure -- 1.2 The Disclosure Paradigm -- 1.3 The Acceptance of Behavioural Research
2 The Failure of Mandated Disclosure: Analysis -- 2.1 Mandated Disclosure in Financial Market Law -- 2.2 Protagonists: Lawmakers, Disclosers and Disclosees -- 2.2.1 Lawmakers: The Root of All Evil? -- 2.2.2 Disclosers: Producers, Distributors and Advisors -- 2.2.3 Disclosee: Incapable, Innumerate and Biased -- 2.3 Interim Results -- 3 PRIIP -- 3.1 Concept -- 3.2 Consumer Testing Study -- 3.3 Discussing the Details -- 3.4 Key Information Document -- 3.4.1 Summary Risk Indicator -- 3.4.2 Performannce Scenarios -- 3.4.3 Presentation of Costs -- 3.5 Experiences with the KID
3.6 Revision of the PRIIPs KID -- 4 Further Pillars of Investor Protection -- 4.1 POS Regulation -- 4.2 Product Governance -- 5 New Challenges -- 5.1 Robo Advice -- 5.2 Tokenization of Assets -- 6 Conclusion -- References -- Part II: Mandated Disclosure -- From Disclosure to Transparency in Consumer Law -- 1 Introduction -- 2 Legal Tradition: Consumer Protection by Rule-Making -- 3 Challenges: Findings of Behavioral Sciences and Economics -- 3.1 Behavioral Sciences in General -- 3.2 Mandated Disclosure in Particular -- 4 Societal Perspective: Right-Holders ́Approach and Transparency Concept
4.1 Informational Misdirection -- 4.1.1 Over-Information -- 4.1.2 Overconfidence -- 4.2 Right-Holders ́Concept -- 4.3 Transparency Concept -- 4.3.1 Yardsticks of Transparency -- 4.3.2 Implementation of Transparency -- 5 Conclusion -- References -- No Need to Read: ̀Self-Enforcing ́Pre-Contractual Consumer Information in European and German Law -- 1 Introduction -- 2 The Concept and Problems of Information Based Consumer Protection -- 2.1 Doctrinal Foundation and Development of the Consumer Image -- 2.2 The Informed Consumer and False Assumptions: Behavioural Insights
Summary This edited volume covers the challenges currently faced by consumer law in Europe and the United States, ranging from fundamental theoretical questions, such as what goals consumer law should pursue, to practical questions raised by disclosure requirements, the General Data Protection Regulation and technology advancements. With governments around the world enacting powerful new regulations concerning consumers, consumer law has become an important topic in the economic analysis of law. Intended to protect consumers, these regulations typically seek to do so by giving them tools to make better decisions, or by limiting the consequences of their bad decisions. Legal scholars are divided, however, regarding the efficacy and effects of these regulations; some call for certain policies to be abolished, while others support a regulatory expansion
Notes Includes index
This volume is the result of the 8th Law and Economics Conference held at the University of Lucerne on the 29th and 30th March 2019. The conference was organized in partnership with the Notre Dame Program on Law and Market Behavior (ND LAMB).--Preface
Online resource; title from digital title page (viewed on October 16, 2020)
Subject Consumer protection -- Law and legislation -- Europe -- Congresses
Consumer protection -- Law and legislation -- United States -- Congresses
Consumer protection -- Law and legislation
Europe
United States
Genre/Form proceedings (reports)
Conference papers and proceedings
Conference papers and proceedings.
Actes de congrès.
Form Electronic book
Author Mathis, Klaus, Dr. iur., editor.
Tor, Avishalom, editor.
Law and Economics Conference (8th : 2019 : Lucerne, Switzerland)
ISBN 9783030490287
3030490289
9783030490294
3030490297
9783030490300
3030490300