Control of Price Related Terms in Standard Form Contracts: General Report Judicial Control and Other Means of Price Control

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dc.authoridATAMER, YESIM M./0000-0002-9996-0698
dc.contributor.authorAtamer, Yeşim M.
dc.contributor.authorPichonnaz, Pascal
dc.date.accessioned2024-07-18T20:40:04Z
dc.date.available2024-07-18T20:40:04Z
dc.date.issued2020
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.descriptionGeneral Congress of the International-Academy-of-Comparative-Law (IACL) -- JUL, 2018 -- Fukuoka, JAPANen_US
dc.description.abstractCompetitive market economies work with the basic assumption that the supply side cannot charge more than their cost of supply given that rational and perfectly well-informed customers know their preferences and are responsive to any price change in the market. However, markets are never fully transparent, and findings of behavioural sciences show that especially consumers act based on imperfect rationality due to systematic biases. Pricing structures that serve to hide rather than reveal the real cost of the goods and services pose one of the main challenges to markets as they abuse biases on the demand side to the greatest extent possible. Hiding price related terms in standard form contracts is a prominent way of creating non-salient prices and is therefore a debated issue in many recent high court decisions of different countries. This paper conducts a comparative study on developments in 28 jurisdictions and discusses the efficiency of ex ante regulatory as well as ex post judicial intervention. The results show that controlling prices and price related terms is a multifaceted and complicated issue which entails a holistic approach, involving more transparency, smarter information to be provided to customers, but sometimes also hard paternalistic interventions such as price caps. Besides, more effective ways of collective proceedings and redress mechanisms need to be implemented.en_US
dc.description.sponsorshipInt Acad Comparat Lawen_US
dc.identifier.doi10.1007/978-3-030-23057-9_1
dc.identifier.endpage63en_US
dc.identifier.isbn978-3-030-23057-9
dc.identifier.isbn978-3-030-23056-2
dc.identifier.issn2214-6881
dc.identifier.startpage3en_US
dc.identifier.urihttps://doi.org/10.1007/978-3-030-23057-9_1
dc.identifier.urihttps://hdl.handle.net/11411/6960
dc.identifier.volume36en_US
dc.identifier.wosWOS:000582699100001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSpringer International Publishing Agen_US
dc.relation.ispartofControl of Price Related Terms in Standard Form Contractsen_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectBehavioral Economicsen_US
dc.subjectLawen_US
dc.subjectMarketen_US
dc.subjectLemonsen_US
dc.titleControl of Price Related Terms in Standard Form Contracts: General Report Judicial Control and Other Means of Price Controlen_US
dc.typeConference Objecten_US

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