- 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
Abstracta 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...
- Mar 19, 2022
- 1 min
PRIVATE AND COMMON PROPERTY RIGHTS
Abstract The relative advantages of private property and common property for the efficiency, equity, and sustainability of natural...