contracts of transferring property (with sale as main contract), enjoying property (with lease as main contract) and service … contracts (with building contract and agency as main contracts). The footnotes are limited. Yet there are bibliographic …

recourses. Within this apparent variety lurk two fundamental alternatives. The aggrieved party may (i) 'affirm' the contract and … seek money damages or specific performance; or (ii) 'disaffirm' the contract with the remedy of rescission and restitution …. This simple dichotomy of contract remedies applies broadly in both common law and civil law practice. We show here that …

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 …

contract that specifies only a fixed quantity and a fixed per-unit price can induce efficient investment if marginal cost is … risk of breaching, the first best becomes attainable with a simple price-quantity contract. …

. We find that it is optimal to write an augmented Cadillac contract that sets one threshold such that it cannot be met …

We relate the design of contract law to the process of development. In this paper, contract law defines which private … levels of effort and trading among agents. The solution to this problem requires a social contract which meets two conditions …: (i) an economywide delegate (judge) responsible for the enforcement of the social contract and (ii) a set of non …

This Article argues that freedom of contract will take on different meaning in a world in which ubiquitous information … about places, goods, people, firms and contract terms is available to contracting parties anywhere, any time. In particular … thereby strengthens traditional understandings of freedom of contract as enforcing contracts as written. This is largely a …