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Contract law and development
Boukouras, Aristotelis - 2011 - First draft: 05 October 2009
We relate the design of contract law to the process of development. In this paper, contract law defines which private …-enforceable private contracts (regulation). However, because this mechanism is costly, its effectiveness depends on the aggregate … production of the economy. To capture the interaction between contract enforcement and development, we introduce a multiperiod …
Persistent link: https://www.econbiz.de/10010343845
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Contract Law and Development
Boukouras, Aristotelis - Courant Research Centre PEG - 2011
We relate the design of contract law to the process of development. In this paper, contract law defines which private …-enforceable private contracts (regulation). However, because this mechanism is costly, its effectiveness depends on the aggregate … production of the economy. To capture the interaction between contract enforcement and development, we introduce a multiperiod …
Persistent link: https://www.econbiz.de/10008800719
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Contract Law and Development
Boukouras, Aristotelis - 2013
We relate the design of contract law to the process of development. Contract law defines which private agreements are …-enforceable private contracts. However, because this mechanism is costly, it is infeasible in the early stages of development. The … appearance of enforcement institutions and regulation is delayed for the later stages. At this point of time, the hold-up problem …
Persistent link: https://www.econbiz.de/10013078715
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Asymmetric Information and Opportunistic Behaviour in Ex Ante Contract Negotiations: Precontractual Liability Regime
Castaldo, Angelo; Conte, Elisabetta; Galeotti, Gianluigi - Istituto di Economia e Finanza, Facoltà di Giurisprudenza - 2014
During negotiations, parties plan an exchange that will occur in the future and that implies a high level of uncertainty, regarding both contract conditions and final outcome. In this phase, parties are requested, according to country-specific legal framework, to act in good faith. As a matter...
Persistent link: https://www.econbiz.de/10011133587
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Disclosure rules in contract law
Bar-Gill, Oren; Porat, Ariel - 2017
How does the prospect of sale affect the seller's incentive to investigate — to acquire socially valuable information about the asset? How do the disclosure rules of contract law influence the investigation decision? Shavell (1994) showed that, if sellers and buyers are symmetrically informed,...
Persistent link: https://www.econbiz.de/10011674107
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Producer protection legislation and termination damages in the presence of contracting frictions
Wu, Steven Y. - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10010277255
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Producer protection legislation and termination damages in the presence of contracting frictions
Wu, Steven - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10003894440
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Ex Ante versus Ex Post Expectation Damages
Liu, Zhiyong (John) - 2015
What information should courts utilize when assessing contract damages? Should they award damages that were rationally foreseeable at the ex ante stage (ex ante expected damages)? Or should they award damages at the ex post level, incorporating new information revealed after contracting (ex post...
Persistent link: https://www.econbiz.de/10013039212
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Chapter 1 Contract Law
Hermalin, Benjamin E.; Katz, Avery W.; Craswell, Richard - In: Handbook of law and economics : volume 1, (pp. 3-138). 2007
This chapter surveys major issues arising in the economic analysis of contract law. It begins with an introductory discussion of scope and methodology, and then addresses four main topics that correspond to the major doctrinal divisions of the law of contracts. These divisions include freedom of...
Persistent link: https://www.econbiz.de/10014023515
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Producer Protection Legislation and Termination Damages in the Presence of Contracting Frictions
Wu, Steven Y. - Institute for the Study of Labor (IZA) - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10005103260