moral hazard
Framing Contract Law: An Economic Perspective
Product Description
The central theme of this book is that an economic framework–incorporating such concepts as information asymmetry, moral hazard, and adaptation to changed circumstances–is appropriate for contract interpretation, analyzing contract disputes, and developing contract doctrine. The value of the approach is demonstrated through the close analysis of major contract cases. In many of the cases, had the court (and the litigators) understood the economic context, the an… More >>
Framing Contract Law: An Economic Perspective
Tags: Contract, contract cases, contract disputes, contract doctrine, contract interpretation, Economic, economic context, economic framework, economic perspective, framing, information asymmetry, Litigator's, moral hazard, perspectiveRelated posts