Incomplete Contracts

This essay reviews the normative implications of contractual incompleteness. It reaches two conclusions: First the state can complete contracts with efficient defaults in fewer cases than is commonly supposed. Second, making specific performance routinely available for contracts that are sufficiently complete for courts to enforce often will permit parties to achieve first best

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Year of publication:	[2000]
Authors:	Schwartz, Alan
Publisher:	[2000]: [S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Notes:	In: The New Palgrave Dictionary of Economics and the Law, edited by Peter Newman, 3 volumes (London: Macmillan Publishers In: New York: Stockton Press), May 1998 Volltext nicht verfügbar
Classification:	K12 - Contract Law
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012789090