Showing 1 - 10 of 4,100
Given a choice between two systems of contract rules, a court or legislature may have a normative obligation to adopt … the rule that is more susceptible to coding and automation. This paper explores the ramifications of that normative … proposition through the lens of multiple contract doctrines that traditionally involve “messy” judgments or multiple interacting …
Persistent link: https://www.econbiz.de/10012978335
Given a choice between two systems of contract rules, a court or legislature may have a normative obligation to adopt … the rule that is more susceptible to coding and automation. This paper explores the ramifications of that normative … proposition through the lens of multiple contract doctrines that traditionally involve “messy” judgments or multiple interacting …
Persistent link: https://www.econbiz.de/10012950600
This paper investigates whether the process of contract interpretation (also described as contract construction) can be … automated. It approaches the task in two stages. The first part explains contract interpretation as a cognitive process. It …
Persistent link: https://www.econbiz.de/10012840925
practical issues. Automation of contract performance is a field that is lacking in standard definitions and understanding of the … taxonomy to assist discussion and development of legally enforceable automation of contract performance. This paper explores … paradigm of digital transformation and automation of contracts, as the form and function of contracts become increasingly …
Persistent link: https://www.econbiz.de/10013226540
This symposium essay explores the barriers to deploying smart contracts in the consumer finance space: the humans themselves, existing consumer protection laws, and the other businesses who have financial contracts with consumers but that cannot deploy smart contracts. These three barriers...
Persistent link: https://www.econbiz.de/10012861036
Persistent link: https://www.econbiz.de/10012212306
practices are easily accommodated by existing legal principles, at least when it comes to the common law of contract. The latter … overdramatized descriptions of technology or the assumption that contract law cannot accommodate such …
Persistent link: https://www.econbiz.de/10014360246
This study examines the association between investments in automation technologies and employment outcomes at the firm … labor contracts introduced by labor market reforms in the 2000s, we identify a positive relationship between automation … as evidence of complementarity between flexible capital, represented by automation technologies, and flexible labor …
Persistent link: https://www.econbiz.de/10014555693
Using firm-level data covering the 27 EU countries, the UK and the US, we show that employers tend to reduce investment in training per employee after adopting advanced digital technologies (ADT). We estimate with a control function approach firm-level production functions augmented with two...
Persistent link: https://www.econbiz.de/10013543206
This paper assesses the importance of digitalization in Germany and other developed countries with a particular attention to the potential or actual impact it may have on the labor market. Referring to available empirical evidence, we document the already developing transformation of occupations...
Persistent link: https://www.econbiz.de/10011555965