Economic Analysis of Contract Law

Incomplete Contracts and Asymmetric Information

Sugata Bag (Autor)

Buch | Hardcover

XVI, 203 Seiten

2018 | 1st ed. 2018
Springer International Publishing (Verlag)
978-3-319-65267-2 (ISBN)

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This book examines the main issues arising in economic analysis of contract law with special attention given to the incomplete contracts. It discusses both the main features of contract law as they relate to the problem of economic exchange, and how the relevant legal rules and the institutions can be analysed from an economic perspective. Evaluate the welfare impacts, analyses the effects and the desirability of different breach remedies and examines the optimal incentive structure of party-designed liquidated damages under the different dimensions of informational asymmetry. Overall the book aims to contribute to the legal debate over the adoption of the specific breach remedies when the breach victim's expectation interest is difficult to assess, and to the debate over courts' reluctance to implement large penalties in the event of breach of contracts.

Sugata Bag is Assistant Professor of Economics at the Delhi School of Economics, India. After earning his B.Sc. (Honours) Economics from Calcutta University , Professor Bag completed Masters and Doctoral work in Economics at Jawaharlal Nehru University. His research interest lies in the following domain- Law and Economics, Development Economics, Contract Theory, Applied Econometrics.

1. Introduction.- 2. Basics of Economic Theory of Contract.- 3. Economics of Damage Remedies I: Unilateral Reliance, One-Sided Information Asymmetry.- 4. Economics of Damage Remedies II: Bilateral Reliance, One-Sided Information Asymmetry.- 5. Economics of Damage Remedies III: Incentives Under Expectation Damage With One-Sided Private Information -A Mechanism Design Approach.- 6. Economics of Damage Remedies IV: Incomplete Contracts, Bilateral Reliance, Two-Sided Asymmetric Information.- 7. Concluding Notes.

Erscheinungsdatum	11.02.2018
Zusatzinfo	XVI, 203 p. 2 illus. in color.
Verlagsort	Cham
Sprache	englisch
Maße	148 x 210 mm
Gewicht	416 g
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
Schlagworte	Breach remedies • Business Law • Company, commercial & competition law: general • Company, commercial & competition law: general • economic exchange • Economics • Economics and finance • law and economics • Mechanism Design • Optimal Contract • Principal-Agent paradigm • Public Economics • Public finance & taxation • Public finance & taxation • Public international law: economic & trade • Public international law: economic & trade • Social Welfare • theory of contract law
ISBN-10	3-319-65267-2 / 3319652672
ISBN-13	978-3-319-65267-2 / 9783319652672
Zustand	Neuware