This chapter surveys major issues arising in the economic analysis of contract law. It begins with an introductory … law of contracts. These divisions include freedom of contract (the extent of private power to create binding obligations …), formation of contracts (the procedural mechanics of exchange, and the rules that govern pre-contractual behavior), contract …

We examine technology alliance contracts in detail, to explore if formal contract terms vary with prior alliances …. Relational governance, or discipline mechanisms outside the contract itself, can encourage cooperative behavior between partners … alliances. We use a case study approach to explore the contract mechanisms that reveal a possible interaction between contract …

A firm sells a dangerous product to heterogeneous consumers. Higher consumer types suffer accidents more often but may …

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 …

paradigm relation, i.e. a management contract. In this analysis we use MacNeil's norms model and we test in relation to twelve … unilateral and bilateral obligations of a standard management contract relation. We examine which norms and to what extent apply …

This paper examines the main possible rationales for judicial control of unfair contract terms (unequal bargaining …

If bubbles reflect social outbreaks of poor judgment, then even those who adhere to individualistic notions of contract … declining to enforce bubble contracts is consistent with libertarian and utilitarian approaches to contract. Finally, it … recent housing bubble -- that is grounded in contract theory may be preferable to approaches that are based on the state …