Titelaufnahme

Titel
Committing the English and the continental way : an experiment / Christoph Engel/André Schmelzer
VerfasserEngel, Christoph ; Schmelzer, André
ErschienenBonn : Max Planck Institute for Research on Collective Goods, August 2017
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (21 Seiten)
SeriePreprints of the Max Planck Institute for Research on Collective Goods ; 2017,16
URNurn:nbn:de:hbz:5:2-138984 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Committing the English and the continental way [0.44 mb]
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Zusammenfassung

On the doctrinal surface, there is a deep divide between common and continental law when it comes to the origin of contractual obligations. Under continental law, in principle a unilateral promise suffices. Common law by contrast requires consideration. When it comes to deciding cases, the divide is much less pronounced. But for the most part the law does not govern people's lives through adjudication. It matches or molds their moral intuitions. We test these intuitions in the lab. If consideration is required, participants believe that all participants make more ambitious promises. But they themselves make a more cautious promise. These two effects cancel out, so that promises are not more likely to be kept with consideration.