Disclosure has long been the preferred regulatory approach to prevent one-sided standard-form contract terms, but its efficacy is unclear. For disclosure to be effective, it must increase readership of contracts and, conditional on reading, affect decisions. I use clickstream data on software...

A cornerstone of the law and economics approach to standard-form contracts is the informed-minority hypothesis: in competitive markets, a minority of term-conscious buyers is sufficient to discipline sellers from using unfavorable boilerplate terms. This argument is often invoked to limit...

The rise of commerce over the Internet and telephone has led to widespread use of "pay now, terms later," or rolling, standard-form contracts, in which buyers are not able to read the standard terms until after they have purchased the product. While some scholars and judges argue that rolling...

The newly adopted post-2015 development agenda is centered on 17 sustainable development goals to be reached by 2030. This volume of the World Bank Legal Review looks at how law and justice systems can support the financing and implementation of these goals, including the role of the rule of law...

The field of institutional economics has witnessed a surge in interest over recent years and has attracted the attention of a growing number of social scientists. This topical and highly informative collection brings together critical writings on the relationship between institutions and...

This article explains why states in which bribe payers are located ("payor states") criminalize transnational bribery. It suggests that these initiatives can enable selfinterested payor states to improve the terms upon which their nationals obtain the services of foreign public officials....

International Economic Law, Globalization and Developing Countries explores the impact of globalization on the international legal system, with a special focus on the implications for developing countries.