Courts Of Law And Unforeseen Contingencies
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Courts Of Law And Unforeseen Contingencies
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Author : Luca Anderlini
language : en
Publisher:
Release Date : 2003
Courts Of Law And Unforeseen Contingencies written by Luca Anderlini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Courts categories.
Courts Of Law And Unforeseen Contingencies
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Author : Luca Anderlini
language : en
Publisher:
Release Date : 2001
Courts Of Law And Unforeseen Contingencies written by Luca Anderlini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Contracts categories.
Courts Of Law And Unforeseen Contingencies Second Version
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Author : Leonardo Felli
language : en
Publisher:
Release Date : 2013
Courts Of Law And Unforeseen Contingencies Second Version written by Leonardo Felli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides whether to void or uphold the contract. If the contract is voided by the court, the parties can renegotiate a new agreement ex-post. There are two effects of a court that voids more contracts. The parties' incentives to undertake relationship-specific investment are reduced, while the parties enjoy greater insurance against the unforeseen contingencies which the ex-ante contract cannot take into account. In this context, we are able to characterize fully the optimal decision rule for the court. The behavior of the optimal court is determined by the tradeoff between the need for incentives and the gains from insurance that voiding in some circumstances offers to the agents.
Courts Of Law And Unforeseen Contingencies
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Author : Luca Anderlini
language : en
Publisher:
Release Date : 2010
Courts Of Law And Unforeseen Contingencies written by Luca Anderlini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
We study a contracting model with unforeseen contingencies in which the court is an active player. Ex ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex post, the court observes whether an unforeseen contingency occurred and decides whether to void or uphold the contract. If the contract is voided by the court, the parties can renegotiate a new agreement ex post. There are two effects of a court that voids contracts. The parties' incentives to undertake relationship-specific investment are reduced, and the parties enjoy greater insurance against the unforeseen contingencies that the ex ante contract cannot account for. In this context, we fully characterize the optimal decision rule for the court. The behavior of the optimal court is determined by the trade-off between the need for incentives and the gains from insurance that voiding in some circumstances offers to the agents.
Courts Of Law And Unforeseen Contingencies
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Author : Luca Anderlini
language : it
Publisher:
Release Date : 2005
Courts Of Law And Unforeseen Contingencies written by Luca Anderlini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Handbook Of Law And Economics
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Author : A. Mitchell Polinsky
language : en
Publisher: Elsevier
Release Date : 2007-11-07
Handbook Of Law And Economics written by A. Mitchell Polinsky and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-07 with Law categories.
Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions — for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. Our hope is that this two volume Handbook will foster the study of the legal system by economists. *The two volumes form a comprehensive and accessible survey of the current state of the field.*Chapters prepared by leading specialists of the area.*Summarizes received results as well as new developments.
Reports Of Cases At Law And In Equity Argued And Determined In The Supreme Court Of Arkansas
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Author : Arkansas. Supreme Court
language : en
Publisher:
Release Date : 1860
Reports Of Cases At Law And In Equity Argued And Determined In The Supreme Court Of Arkansas written by Arkansas. Supreme Court and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1860 with Law reports, digests, etc categories.
Reports Of Cases At Law And In Equity Argued And Determined In The Supreme Court Of The State Of Arkansas
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Author : Arkansas. Supreme Court
language : en
Publisher:
Release Date : 1860
Reports Of Cases At Law And In Equity Argued And Determined In The Supreme Court Of The State Of Arkansas written by Arkansas. Supreme Court and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1860 with Law reports, digests, etc categories.
Reports Of Cases At Common Law And In Chancery Argued And Determined In The Supreme Court Of The State Of Illinois By S Breese And Others
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Author : Illinois. Supreme Court
language : en
Publisher:
Release Date : 1876
Reports Of Cases At Common Law And In Chancery Argued And Determined In The Supreme Court Of The State Of Illinois By S Breese And Others written by Illinois. Supreme Court and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1876 with categories.
Reports Of Cases At Law And In Chancery Argued And Determined In The Supreme Court Of Illinois
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Author : Illinois. Supreme Court
language : en
Publisher:
Release Date : 1876
Reports Of Cases At Law And In Chancery Argued And Determined In The Supreme Court Of Illinois written by Illinois. Supreme Court and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1876 with Law reports, digests, etc categories.