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Economics of Contract Law

Economic Approaches to Law Series

Edited by Douglas G. Baird
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 23rd Feb 2007
Dimensions: w 169mm h 244mm d 20mm
Weight: 1300g
ISBN-10: 1845426525
ISBN-13: 9781845426521
Barcode No: 9781845426521
This important volume presents a rich collection of ideas on and insights into the law and economics of contracts. It includes material relevant to a large number of legal fields. Many of the articles are classics that have, over the years, become focal points for continuing debate; others provide an easily accessible account of particular areas. The editor's comprehensive introduction provides an overview of law and economics scholarship in contracts over the past few decades and a portal into an evolving field. The topics include: the economics of contracting; efficient breach and renegotiation; expectation damages and its alternatives; and, default rules and mass markets.

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"'This book will serve as the essential resource for anyone interested in the economic analysis of contract law. Baird has included both the iconic articles of the past and the recent works which define the cutting edge of scholarship in the area. This volume is that rare collection that offers a snapshot of the current academic learning across the field. It is both an invaluable resource for those first exploring the economic analysis of contract law as well as a useful reference for the initiated.' - Robert Rasmussen, Vanderbilt University, US"