Courts Of Law And Unforeseen Contingencies Second Version
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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.
The Economics Of Contracts Second Edition
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Author : Bernard Salanie
language : en
Publisher: MIT Press
Release Date : 2005-03-11
The Economics Of Contracts Second Edition written by Bernard Salanie and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-03-11 with Business & Economics categories.
A concise introduction to the theory of contracts, emphasizing basic tools that allow the reader to understand the main theoretical models; revised and updated throughout for this edition. The theory of contracts grew out of the failure of the general equilibrium model to account for the strategic interactions among agents that arise from informational asymmetries. This popular text, revised and updated throughout for the second edition, serves as a concise and rigorous introduction to the theory of contracts for graduate students and professional economists. The book presents the main models of the theory of contracts, particularly the basic models of adverse selection, signaling, and moral hazard. It emphasizes the methods used to analyze the models, but also includes brief introductions to many of the applications in different fields of economics. The goal is to give readers the tools to understand the basic models and create their own. For the second edition, major changes have been made to chapter 3, on examples and extensions for the adverse selection model, which now includes more thorough discussions of multiprincipals, collusion, and multidimensional adverse selection, and to chapter 5, on moral hazard, with the limited liability model, career concerns, and common agency added to its topics. Two chapters have been completely rewritten: chapter 7, on the theory of incomplete contracts, and chapter 8, on the empirical literature in the theory of contracts. An appendix presents concepts of noncooperative game theory to supplement chapters 4 and 6. Exercises follow chapters 2 through 5. Praise for the previous edition: “The Economics of Contracts offers an excellent introduction to agency models. Written by one of the leading young researchers in contact theory, it is rigorous, clear, concise, and up-to-date. Researchers and students who want to learn about the economics of incentives will want to read this primer.”—Jean Tirole, Institut D'Économie Industrielle, Universite des Sciences Sociales, France “Students will find this a very useful introduction to the ideas of contract theory. Salanié has managed to summarize a large amount of material in a relatively short number of pages in a highly accessible and readable manner.”—Oliver Hart, Professor of Economics, Harvard University
The Economic Approach To Law Second Edition
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Author :
language : en
Publisher: Stanford University Press
Release Date : 2009
The Economic Approach To Law Second Edition written by and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
Designed specifically for economics students, The Economic Approach to Law, 2nd Edition, provides an introductory treatment of law and economics, revealing how economic principles explain the structure of the law, and how they can help make the law more efficient. To that end, the author focuses on unifying themes in the field--rather than exhaustively covering legal topics--and thus provides a more analytical treatment of the subject. The second edition includes current research into the economics of common law areas, such as torts, contracts, and property law. The revised text also offers a new chapter that explores how economics can be applied to anti-trust law, as well as added material on intellectual property. This edition features an expanded suite of exercises and problems at the end of each chapter to encourage students to "do" law and economics. A companion web site offers a full suite of resources for students and professors. Key pedagogical features include cases; discussion points that provide additional analysis of topics in the book; graduate notes, which deepen the text for more advanced readers; and relevant Web links. Professors have access to sample syllabi for undergraduate and graduate courses and to an instructor's manual providing suggested answers to all of the end-of-chapter questions/problems in the book.
The Effects Of Financial Crises On The Binding Force Of Contracts Renegotiation Rescission Or Revision
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Author : Başak Başoğlu
language : en
Publisher: Springer
Release Date : 2016-02-25
The Effects Of Financial Crises On The Binding Force Of Contracts Renegotiation Rescission Or Revision written by Başak Başoğlu and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-25 with Law categories.
This book is about one of the most controversial dilemmas of contract law: whether or not the unexpected change of circumstances due to the effects of financial crises may under certain conditions be taken into account. Growing interconnectedness of global economies facilitates the spread of the effects of the financial crises. Financial crises cause severe difficulties for persons to fulfill their contractual obligations. During the financial crises, performance of contractual obligations may become excessively onerous or may cause an excessive loss for one of the contracting parties and consequently destroy the contractual equilibrium and legitimate the governmental interventions. Uncomfortable economic climate leads to one of the most controversial dilemmas of the contract law: whether the binding force of the contract is absolute or not. In other words, unstable economic circumstances impose the need to devote special attention to review and perhaps to narrow the binding nature of a contract. Principle of good faith and fair dealing motivate a variety of theoretical bases in order to overcome the legal consequences of financial crises. In this book, all these theoretical bases are analyzed with special focus on the available remedies, namely renegotiation, rescission or revision and the circumstances which enables the revocation of these remedies. The book collects the 19 national reports and the general report originally presented in the session regarding the Effects of Financial Crises on the Binding Force of Contracts: Renegotiation, Rescission or Revision during the XIXth congress of the International Academy of Comparative Law, held in Vienna, July 2014.
A Concise Practical Abridgment Of The Common And Statute Law Second Edition Remodelled And Nearly Re Written By C Petersdorff Assisted By C W Wood And W Marshall
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Author : Charles Erdman PETERSDORFF
language : en
Publisher:
Release Date : 1862
A Concise Practical Abridgment Of The Common And Statute Law Second Edition Remodelled And Nearly Re Written By C Petersdorff Assisted By C W Wood And W Marshall written by Charles Erdman PETERSDORFF and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1862 with categories.
South Carolina Law Reports Cases At Law Argued And Determined In The Law Court Of Appeals And Court Of Errors Of South Carolina By R H Spears Second Edition Etc Nov 1840 May 1844
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Author : CAROLINA, South. Courts of Justice. Court of Appeals
language : en
Publisher:
Release Date : 1860
South Carolina Law Reports Cases At Law Argued And Determined In The Law Court Of Appeals And Court Of Errors Of South Carolina By R H Spears Second Edition Etc Nov 1840 May 1844 written by CAROLINA, South. Courts of Justice. Court of Appeals and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1860 with categories.
The Complete Qdro Handbook
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Author : David Clayton Carrad
language : en
Publisher: American Bar Association
Release Date : 2004
The Complete Qdro Handbook written by David Clayton Carrad and has been published by American Bar Association this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
Written for family lawyers, judges, and plan administrators, this is a comprehensive resource for effectively handling QDROs and working with all of the parties involved. It discusses dividing ERISA, military, and civil service pensions, and collecting child support from employee benefit plans.
Comparative Law Yearbook Of International Business
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Author : Christian Campbell
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2023-06-12
Comparative Law Yearbook Of International Business written by Christian Campbell and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-12 with Law categories.
The Comparative Law Yearbook of International Business, published under the aegis of the Center for International Legal Studies, Austria, in this 44th volume, aims to add to the contemporary discourse by exploring a wide array of challenges faced in the arena of business law. It serves to provide insight to business law practitioners and academics on the latest developments. The following topics have been discussed: How uniformity of the treaties and conventions is compromised after they are subjected to the varied interpretation of domestic law. How the contractual laws of different jurisdictions deal with situations such as global health crises. The role of the World Trade Organization in enhancing the legitimacy of global economic governance within the scope of the trade laws. How the concept of naked licensing in trademark law differs in the United States, United Kingdom, and India. How the best effort clauses operate as a mechanism to deal with unenforceable obligations in pandemic-like situations and how it is difficult to implement and comply with the same. Whether PRIME Finance is the last link in the global governance of financial institutions on international law-making or just a part of the social circle. Whether mediation should be made compulsory for all commercial litigation cases or is it time for the new rendition of Halsey v. Milton Keynes? The legal challenges faced by the adoption of Insurtech in the Fintech Industry. How the ex-post mechanism of Corporate Insolvency and Bankruptcy laws differs with respect to the rights and position of creditors in the liquidation process in India and Germany. How the Corporate Governance Code varies across different jurisdictions such as Mainland China, Hong Kong, South Korea, Singapore, Japan, and Germany. How the international investment law uncovers the inequalities between foreign investors and states, developed and developing states, and foreign and domestic investors. The authors are practitioners and academics from Argentina, Australia, Belgium, China, Finland, Germany, Hong Kong, India, Singapore, South Korea, and the United Kingdom. They provide a nuanced perspective on a large spectrum of issues witnessed in the arena of business laws.
Reports Of Cases Decided In The Court Of Appeals Of The State Of New York
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Author : New York (State). Court of Appeals
language : en
Publisher:
Release Date : 1892
Reports Of Cases Decided In The Court Of Appeals Of The State Of New York written by New York (State). Court of Appeals and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1892 with Law reports, digests, etc categories.