- Jul 17
- 2 min
What gave rise to China’s land finance?
After the 1994 tax system reform, there has been increasing debate about whether the shared tax system has led to an increase in local...
- Mar 21, 2022
- 1 min
CONTRACT LAW: GENERAL THEORIES
Abstract When contracts are incomplete, the law must rely on default rules to resolve any issues that have not been explicitly addressed...
- Mar 20, 2022
- 1 min
CONTRACTUAL CHOICE
Abstract This chapter discusses alternative theories of contract choice and design with special emphasis on (i) the interaction between...
- Mar 20, 2022
- 1 min
LONG-TERM CONTRACTS AND RELATIONAL CONTRACTS
Abstract This chapter discusses the literature on long-term contracts and relational contracts. The central issues in the literature on...
- Mar 20, 2022
- 1 min
MANDATORY INSURANCE: TRANSACTION COSTS ANALYSIS OF INSURANCE
Abstract The pooling-of-risks theory of insurance has proven to be most useful and is widely applied in law and economics. Nevertheless,...
- Mar 19, 2022
- 1 min
NUISANCE
Abstract The economics of nuisance disputes was one of the initial areas of work in the field known as law and economics. commencing...