Behavioral approach to unfair terms and conditions in EU consumer law

Rational choice theory is still at the hearth of EU consumer law. In this paper I consider how this theory reflects on the unfair terms control mechanism set by the Unfair Contract Terms Directive. I identify most pressing problems in the field of unfair contract terms using the findings of behavior...

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Main Author: Radonjić Aleksa
Format: Article
Language:English
Published: Institute of Comparative Law, Belgrade 2018-01-01
Series:Strani pravni život
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/0039-2138/2018/0039-21381804007R.pdf
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author Radonjić Aleksa
author_facet Radonjić Aleksa
author_sort Radonjić Aleksa
collection DOAJ
description Rational choice theory is still at the hearth of EU consumer law. In this paper I consider how this theory reflects on the unfair terms control mechanism set by the Unfair Contract Terms Directive. I identify most pressing problems in the field of unfair contract terms using the findings of behavioral psychology and behavioral economics. In search for possible solutions to these problems I will consult the relevant literature. Therefore, method I use here is a theoretical application of the behavioral findings. In conclusion I will assess which solutions are feasible and most desirable in a short term period, and which are the most effective but demand certain investments and time to become fully functional. Finally, I will conclude that behavioral approach to the issue of unfair contract terms and conditions is an important addition to the policing of unfair terms and conditions which could lead to the raise of overall quality of terms and conditions which is a significant step beyond the control of unfairness.
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spelling doaj.art-c8c5e265bc564ef8ada5fd61f3b932422022-12-21T16:53:55ZengInstitute of Comparative Law, BelgradeStrani pravni život0039-21382620-11272018-01-01201847240039-21381804007RBehavioral approach to unfair terms and conditions in EU consumer lawRadonjić Aleksa0Union University in Belgrade, Faculty of LawRational choice theory is still at the hearth of EU consumer law. In this paper I consider how this theory reflects on the unfair terms control mechanism set by the Unfair Contract Terms Directive. I identify most pressing problems in the field of unfair contract terms using the findings of behavioral psychology and behavioral economics. In search for possible solutions to these problems I will consult the relevant literature. Therefore, method I use here is a theoretical application of the behavioral findings. In conclusion I will assess which solutions are feasible and most desirable in a short term period, and which are the most effective but demand certain investments and time to become fully functional. Finally, I will conclude that behavioral approach to the issue of unfair contract terms and conditions is an important addition to the policing of unfair terms and conditions which could lead to the raise of overall quality of terms and conditions which is a significant step beyond the control of unfairness.https://scindeks-clanci.ceon.rs/data/pdf/0039-2138/2018/0039-21381804007R.pdfconsumer lawunfair contract termsbehavioral approach
spellingShingle Radonjić Aleksa
Behavioral approach to unfair terms and conditions in EU consumer law
Strani pravni život
consumer law
unfair contract terms
behavioral approach
title Behavioral approach to unfair terms and conditions in EU consumer law
title_full Behavioral approach to unfair terms and conditions in EU consumer law
title_fullStr Behavioral approach to unfair terms and conditions in EU consumer law
title_full_unstemmed Behavioral approach to unfair terms and conditions in EU consumer law
title_short Behavioral approach to unfair terms and conditions in EU consumer law
title_sort behavioral approach to unfair terms and conditions in eu consumer law
topic consumer law
unfair contract terms
behavioral approach
url https://scindeks-clanci.ceon.rs/data/pdf/0039-2138/2018/0039-21381804007R.pdf
work_keys_str_mv AT radonjicaleksa behavioralapproachtounfairtermsandconditionsineuconsumerlaw