Showing 1 - 10 of 1,365
sicherstellen können. Der optimale Vertrag ist dabei auf die Fähigkeit der Gerichte zu konditionieren, Vertragsbruch oder …
Persistent link: https://www.econbiz.de/10010991215
Judges become ambitious decision makers when they face appellate review. This paper applies a contract theoretic … implemented court accuracy and degrade the contract outcome. Our implications put into perspective the traditional function of … contract output. …
Persistent link: https://www.econbiz.de/10010991229
This paper explores the scope for synthesis between economic and systemic approaches to the understanding of legal evolution. The evolutionary and epistemic branches of game theory predict that stable norms will emerge when agents share common beliefs concerning future states of the world....
Persistent link: https://www.econbiz.de/10010548034
A common pattern of control in firms is for management to retain a broad set of rights, while the remaining stakeholders’ contracts provide them with targeted veto rights over specific classes of decisions. We explain this pattern of control sharing as an efficient organizational response that...
Persistent link: https://www.econbiz.de/10010616044
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 …
Persistent link: https://www.econbiz.de/10008765228
social ties and networks do not promote the type of high-trust relations that are central to traditional relational contract …
Persistent link: https://www.econbiz.de/10011120277
consistent with the hypothesis that, even if, according to the statistics, the franchise contract has successfully imposed itself …
Persistent link: https://www.econbiz.de/10010902361
incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …
Persistent link: https://www.econbiz.de/10005233793
Author deals with essentials regarding economic analysis of law. The methodology of Law and Economics approach is in general summarized and the distinction between rational and behavioral concepts are mentioned. Additionally, the economics of contracts including subsumed contractual formation,...
Persistent link: https://www.econbiz.de/10005258063
characterized by a denial of the independence of contract law, tailored by judicial decisions and the realist revolution. This paper … shows that this denial begets the rebirth of contract law based on policy doctrines that asked for the turn to economics, by … giving a new linguistic framework and foundation to contracts. After such process, an inconspicuous doctrine of contract law …
Persistent link: https://www.econbiz.de/10009391761