In this article it is argued that Scottish contract theory retains distinctive features which are not shared with the … Common Law. The origins of this theory lie in the ‘mixed' nature of its contract law, a mixture established principally … existence of a separate obligation of unilateral promise. It is argued that the nature of Scottish contract theory lends itself …

experiment, we study behavior in a contract farming game without third-party enforcement but with an external spot market as … outside option. Two players, farmer and company, may conclude a contract but also breach it by side-selling or arbitrary …-order enforcement. Moreover, we investigate whether company players offer price premiums to extend the contract’s self-enforcing range …

Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect … enforceable contract. Separate-property marriage may reduce, and community-property marriage actually eliminate inefficiency, but …

In the early models of incomplete contract neither party used to invest in the subject matter of the contract; those … realize subsequent to a binding contract, a systematic analysis has been attempted to see - first, how the legal remedies can … role than that has been realized. Focus remains on the ex-ante design of the contract, which would serve as an implicit …