Readings in the Economics of Contract Law by Victor P Goldberg

Readings in the Economics of Contract Law by Victor P Goldberg

Economic analysis is being applied by scholars to an increasing range of legal problems. This collection brings together some of the main contributions to an important area of this work, the economics of contract law. The essays and illuminating notes, questions, and introductions provided by the editor outline the Law and Economics framework for analyzing contractual relationships. The first two parts of the book present a number of useful concepts - adverse selection, moral hazard, and rent seeking - and a general way of thinking about the economics of contracting and contract law. The remainder of the book considers a wide range of topics and issues. The recurring theme is that contracting parties want to assign the responsibility for adjusting to particular contingencies to the party best able to control the costs of adjustment. The adjustment problem is exacerbated by the fact that the parties might engage in various types of strategic behavior, such as opportunism, moral hazard, and rent-seeking. Many contract law doctrines can best be understood as attempts to replicate how reasonable parties might resolve this adjustment problem.

SKU	Unavailable
ISBN 13	9780521349208
ISBN 10	0521349206
Title	Readings in the Economics of Contract Law
Author	Victor P Goldberg
Condition	Unavailable
Binding Type	Paperback
Publisher	Cambridge University Press
Year published	1982-06-01
Number of pages	268
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.