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dc.creatorKarampatzos, Antonios
dc.creatorIlić, Nikola
dc.date.accessioned2024-03-11T15:30:50Z
dc.date.available2024-03-11T15:30:50Z
dc.date.issued2023
dc.identifier.issn2194-6000
dc.identifier.urihttps://ralf.ius.bg.ac.rs/handle/123456789/1422
dc.description.abstractThis paper analyses possibilities for amending the withdrawal right under the EU consumer law, aiming to reduce the information asymmetry between contracting parties in distance sales and thus increase the number of concluded contracts and the overall contractual surplus. The main findings are that the rules suggested in law and economics theory (the personalized mandatory rules and the mandated-choice model) may not be optimal tools for amending the withdrawal right because they mostly seem to neglect the allocation of risk between contracting parties. Thus, this paper suggests the new 'risk allocation' rules as a tool for amending the withdrawal right, focusing on its use in distance sales. If amended in line with those rules, the withdrawal right could deal with information asymmetry problems more efficiently, incentivise contracting parties to enter more distance sales contracts, and increase the overall contractual surplus, especially within the realms of e-commerce. The suggested proposal is conceived - at least for the time being - more as a thought experiment; relevant empirical analysis may follow up at a subsequent phase.en
dc.publisherWalter de Gruyter Gmbh, Berlin
dc.rightsopenAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.sourceReview of Law & Economics
dc.subjectwithdrawal righten
dc.subjectlaw and economicsen
dc.subjectEU consumer lawen
dc.subjectDirective 2011/83/EUen
dc.subjectconsumer protectionen
dc.titleLaw and Economics of the Withdrawal Right in EU Consumer Lawen
dc.typearticle
dc.rights.licenseBY
dc.citation.epage452
dc.citation.issue3
dc.citation.other19(3): 435-452
dc.citation.spage435
dc.citation.volume19
dc.identifier.doi10.1515/rle-2022-0076
dc.identifier.fulltexthttps://ralf.ius.bg.ac.rs/bitstream/id/349/1419.pdf
dc.identifier.rcubconv_3204
dc.identifier.scopus2-s2.0-85180292118
dc.identifier.wos001066754600001
dc.type.versionpublishedVersion


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