Unverifiable Information, Incomplete Contracts, and Renegotiation PDF Download
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Author: Georg Nöldeke
Publisher:
ISBN:
Category : Contracts
Languages : en
Pages : 16
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Book Description
Author: Georg Nöldeke
Publisher:
ISBN:
Category : Contracts
Languages : en
Pages : 16
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 312
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Book Description
Author: Sönje Reiche
Publisher:
ISBN:
Category : Academic theses
Languages : en
Pages : 0
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Author: Sonje Kerrin Reiche
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Tai-Yeong Chung
Publisher:
ISBN:
Category : Contracts
Languages : en
Pages : 232
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Book Description
Author: Christoph Lülfesmann
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Eduardo Saavedra
Publisher:
ISBN:
Category : Infrastructure (Economics)
Languages : en
Pages : 122
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Author: Richard Holden
Publisher: Cambridge University Press
ISBN: 100902017X
Category : Political Science
Languages : en
Pages : 94
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Book Description
A vexing problem in contract law is modification. Two parties sign a contract but before they fully perform, they modify the contract. Should courts enforce the modified agreement? A private remedy is for the parties to write a contract that is robust to hold-up or that makes the facts relevant to modification verifiable. Provisions accomplishing these ends are renegotiation-design and revelation mechanisms. But implementing them requires commitment power. Conventional contract technologies to ensure commitment – liquidated damages – are disfavored by courts and themselves subject to renegotiation. Smart contracts written on blockchain ledgers offer a solution. We explain the basic economics and legal relevance of these technologies, and we argue that they can implement liquidated damages without courts. We address the hurdles courts may impose to use of smart contracts on blockchain and show that sophisticated parties' ex ante commitment to them may lead courts to allow their use as pre-commitment devices.
Author: J. Luis Guasch
Publisher: World Bank Publications
ISBN: 9780821357927
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
During the 1990s, infrastructure concessions were hailed as the solution to Latin America's endemic infrastructure deficit, by combining private sector efficiency with rent dissipation brought about by competition. This publication examines the design and implementation of over 1,000 examples of concession contracts, in order to identify the problems that have occurred in the process. It goes on to highlight lessons to be learned for the future, in order to realise the potential benefits of infrastructure reform and to contribute to economic growth and poverty reduction.
Author: Eric Brousseau
Publisher: Cambridge University Press
ISBN: 9780521893138
Category : Business & Economics
Languages : en
Pages : 604
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Book Description
A 2002 survey of economics of contracts appealing to scholars in economics, management and law.
