N problems require N instruments

Eric Posner (2003) has argued that (contract) law and economics has failed to produce clear policy recommendations because its theoretical results are usually inconclusive and empirical data on the parameters are usually unavailable. Legislators and courts, however, cannot wait to make decisions until scholarship is conclusive; hence the question arises which policy conclusions are the ‘least irrational’ under those circumstances.

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Year of publication:	2013
Authors:	De Geest, Gerrit
Published in:	International Review of Law and Economics. - Elsevier, ISSN 0144-8188. - Vol. 35.2013, C, p. 42-57
Publisher:	Elsevier
Subject:	Indeterminacy \| Contract remedies \| Specific performance \| Expectation measure \| Tinbergen

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Type of publication:	Article
Classification:	K00 - Law and Economics. General ; K12 - Contract Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010665586