Economic Analysis of Contract Law (eBook)

Incomplete Contracts and Asymmetric Information

Sugata Bag (Autor)

eBook Download: PDF

2018 | 1st ed. 2018
XVI, 203 Seiten
Springer International Publishing (Verlag)
978-3-319-65268-9 (ISBN)

Infos

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 Associate 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. 

Autor

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. 

Inhalt

1. Introduction2. Basics of Economic Theory of Contract

3. Economics of Damage Remedies I: Unilateral Reliance, One-Sided Information Asymmetry4. Economics of Damage Remedies II: Bilateral Reliance, One-Sided Information Asymmetry5. 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

Produkt-Details

• Erscheint lt. Verlag: 24.1.2018
• Zusatzinfo: XVI, 203 p. 2 illus. in color.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Breach remedies • economic exchange • Mechanism Design • Optimal Contract • Principal-Agent paradigm • Social Welfare • theory of contract law
• ISBN-10: 3-319-65268-0 / 3319652680
• ISBN-13: 978-3-319-65268-9 / 9783319652689