ship) are often socially beneficial. In these circumstances, the policy of controlling the contract price is preferable, as …

Contract law governs agreements between parties. This paper contains the chapters on contract law from a general … subject. Chapter 14 is concerned with contract formation, that is, with the process through which parties find contracting … partners, with aspects of contract negotiation, and with the rules governing when an arrangement between parties becomes …

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 review thus provides an overview of the literature for economists who are …

This paper examines the sharing of risk under three different remedies for breach of contract. The risk considered …. By means of a numerical example, it is shown that use of the prevailing remedy for breach of contract -- the expectation …

trade and the ability to trade in differentiated goods that rely on contract enforcement. This paper takes advantage of …

information, as by the failure of courts to solve contract and tort disputes cheaply, predictably, and impartially. The approach …

the heterogeneity of the effect of entry, contract enforcement regulation, and financial development on both the decision … businesses in countries with higher levels of entry and contract enforcement regulation …

misbehavior, even when such misbehavior is formally permitted by contract. We hand-collect a sample of over 177 lawsuits involving …