prosecutions, as breaking an employee contract was a criminal offense until 1875. We first reproduce all regression tables in Naidu …

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 …

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 …

current employment relationship and work for another firm. We show that the initial parties to a contract have an incentive to …

If a seller delivers a good non-conforming to contract, European and US warranty law allows consumers to choose between … use non-conformity as a pretext for getting rid of a contract he no longer wants. We show that this possibility of …

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 …

about the asset? How do the disclosure rules of contract law influence the investigation decision? Shavell (1994) showed …-disclosure rule, which requires disclosure of material information, but only after the contract is concluded. We show that this rule … can be more efficient than both voluntary disclosure and mandatory (pre-contract) disclosure …

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 …

We consider default rules for instances in which parties to a contract did not allocate the risk of a certain … contingency, and both sides could have helped avoid the occurrence of breach of the contract or lessen the damages from it … the optimal level of precautionary costs and to allocate the steps to be taken to the low cost bearer. -- Contract Law …

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 …