.Efficiency also supports extending liability for punitive damages to those breaches that are, in theory, “efficient.” The threat of … party for a release. Relying on Calabresi and Melamed's distinction between “property rules” and “liability rules …

are employed, jointly or separately, to impose non-consensual liability on a contracting party. The article focuses on … liability imposed on a contracting party, either toward another contracting party or toward a third party for failure to perform …-consensual liability on a contracting party or else allowing liability under both headings. These guide lines for the classification of non …

are employed, jointly or separately, to impose non-consensual liability on a contracting party. The article focuses on … liability imposed on a contracting party either toward another contracting party or toward a third party for failure to perform …-consensual liability on a contracting party or else allowing liability under both headings. These guidelines for the classification of non …