Contract law and the economics of contract have, for the most part, developed independently of each other. In this … essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize … the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of …

PPL damages vis-à-vis expected damages under existing contract law. This study clarifies the conditions under which PPLD …

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort … a transfer depending on whether a player has a valid contract or not. We show that the different systems differ only … with respect to the contract length if the contract which maximizes the expected joint surplus of the initial club and the …

agreements, as implemented in British Columbia since 1993. We show that the outcome of first-contract mediation is Pareto …

that permit maximum discretion yield trading patterns that are closer what is observed under a perfectly complete contract …

current employment relationship and work for another firm. We show that the initial parties to a contract have an incentive to …

that both the good faith and the implied contract exceptions to employment at will may enhance employment in occupations … operation of a competitive market by setting appropriate default remedies for breach of contract. …