AveTransRisk SIGNED
Average - Transaction Costs and Risk Management during the First Globalization (Sixteenth-Eighteenth Centuries)
Total Cost €
0EC-Contrib. €
0Partnership
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Project "AveTransRisk" data sheet
The following table provides information about the project.
| Coordinator |
THE UNIVERSITY OF EXETER
Organization address contact info |
| Coordinator Country | United Kingdom [UK] |
| Total cost | 1˙854˙256 € |
| EC max contribution | 1˙854˙256 € (100%) |
| Programme |
1. H2020-EU.1.1. (EXCELLENT SCIENCE - European Research Council (ERC)) |
| Code Call | ERC-2016-COG |
| Funding Scheme | ERC-COG |
| Starting year | 2017 |
| Duration (year-month-day) | from 2017-07-01 to 2022-06-30 |
Partnership
Take a look of project's partnership.
| # | ||||
|---|---|---|---|---|
| 1 | THE UNIVERSITY OF EXETER | UK (EXETER) | coordinator | 1˙821˙684.00 |
| 2 | STICHTING VU | NL (AMSTERDAM) | participant | 32˙571.00 |
Map
Project objective
This project focuses on the historical analysis of institutions and their impact on economic development through the investigation of a legal instrument – general average (GA) – which underpins maritime trade by redistributing damages’ costs across all interested parties. This will be pursued through the comparative investigation of GA in those European countries where substantial data exists: Italy, Spain, England, France and the Low Countries (1500-1800). Average and insurance were both created in the Middle Ages to facilitate trade through the redistribution of risk. Insurance has been widely studied, average – the expenses which can befall ships and cargoes from the time of their loading aboard until their unloading (due to accidents, jettison, and unexpected costs) – has been neglected. GA still plays an essential role in the redistribution of transaction costs, and being a form of strictly mutual self-protection, never evolved into a speculative financial instrument as insurance did; it therefore represents an excellent case of long-term effectiveness of a non-market economic phenomenon. Although the principle behind GA was very similar across Europe, in practice there were substantial differences in declaring and adjudicating claims. GA reports provide unparalleled evidence on maritime trade which, analysed quantitatively and quantitatively through a novel interdisciplinary approach, will contribute to the reassessment of the role played by the maritime sector in fostering economic growth during the early modern first globalization, when GA was the object of fierce debates on state jurisdiction and standardization of practice. Today they are regulated by the York-Antwerp Rules (YAR), currently under revision. This timely conjuncture provides plenty of opportunities for active engagement with practitioners, thereby fostering a creative dialogue on GA historical study and its future development to better face the challenges of mature globalization.
Publications
| year | authors and title | journal | last update |
|---|---|---|---|
| 2019 |
G.P. Dreijer, O. Vervaart ‘Een tractaet van avarien – 1617’ published pages: 37-41, ISSN: 1566-7146, DOI: |
Pro Memorie 21, 2 (2019) | 2020-04-01 |
| 2019 |
Guido Rossi The barratry of the shipmaster in early modern law: the approach of Italian and English law courts published pages: 504-574, ISSN: 0040-7585, DOI: 10.1163/15718190-00870a02 |
Tijdschrift voor Rechtsgeschiedenis 87/4 | 2020-04-01 |
| 2020 |
Maria Fusaro The Burden of Risk: Early Modern Maritime Enterprise and Varieties of Capitalism published pages: 1-22, ISSN: 0007-6805, DOI: 10.1017/s0007680519001557 |
Business History Review first view (at present) | 2020-04-01 |
| 2019 |
Guido Rossi The barratry of the shipmaster in early modern law: polysemy and mos Italicus published pages: 65-85, ISSN: 0040-7585, DOI: 10.1163/15718190-08712p03 |
Tijdschrift voor Rechtsgeschiedenis 87/1-2 | 2020-04-01 |
| 2017 |
Guido Rossi \'The liability of the shipmaster in early modern law: comparative (and practice-oriented) remarks\' published pages: 1-47, ISSN: 2279-7416, DOI: |
Historia et Ius 2 issues per year | 2019-05-28 |
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