According to the contract law principle established in the famous nineteenth century English case of Hadley v …. Baxendale, and followed ever since in the common law world, liability for a breach of contract is limited to losses "arising …, at the time they made the contract, ..." Using a formal model, we attempt in this paper to analyze systematically the …

There is a widely held view that breach of contract is immoral. I suggest here that breach may often be seen as moral …

According to the contract law principle established in the famous nineteenth century English case of Hadley v …. Baxendale, and followed ever since in the common law world, liability for a breach of contract is limited to losses "arising …, at the time they made the contract, ..." Using a formal model, we attempt in this paper to analyze systematically the …

harmful activities and, if so, their efforts to reduce risk. However, the requirements may undesirably prevent some parties … risk when insurers can observe levels of care, but dilute incentives to reduce risk when insurers cannot observe levels of …