Product Details Page
Richard Holden & Anup Malani's Can Blockchain Solve the Hold-up Problem in Contracts?
From Combridge University Press
Regular price
1814.00 1633.00
|Save:
181.00(10 %)
Tax included
SPENT 499 MORE FOR FREE SHIPPING
Expected Delivery Within 7 Working Days.
Description
A vexing problem in contract law is modification. Two parties sign a contract but before they fully perform, they modify the contract. Should courts enforce the modified agreement? A private remedy is for the parties to write a contract that is robust to hold-up or that makes the facts relevant to modification verifiable. Provisions accomplishing these ends are renegotiation-design and revelation mechanisms. But implementing them requires commitment power. Conventional contract technologies to ensure commitment – liquidated damages – are disfavored by courts and themselves subject to renegotiation. Smart contracts written on blockchain ledgers offer a solution. We explain the basic economics and legal relevance of these technologies, and we argue that they can implement liquidated damages without courts. We address the hurdles courts may impose to use of smart contracts on blockchain and show that sophisticated parties' ex ante commitment to them may lead courts to allow their use as pre-commitment devices.
Size Guide
Shipping & Return
Please Follow Lawmart Shipping & Delivery Policy - https://www.lawmart.in/shipping_delivery.php
Please Follow Lawmart Return & Cancellation Policy - https://www.lawmart.in/return_cancellation.php
Please Follow Lawmart Return & Cancellation Policy - https://www.lawmart.in/return_cancellation.php
Content
Table of Contents
1. Introduction
2. The Hold-up Problem, its Impact and Mechanism Design
3. Possible Solutions to the Hold-up Problem
4. Background on Blockchain and Smart Contracts
5. How Smart Contracts on Blockchain Can Help Reduce Contractual Hold-up
6. Conclusion
Appendix A: Addressing Hold-up with Options Contracts (Noldeke and Schmidt 1995)
Appendix B: Moore-Repullo Revelation Mechanism.
1. Introduction
2. The Hold-up Problem, its Impact and Mechanism Design
3. Possible Solutions to the Hold-up Problem
4. Background on Blockchain and Smart Contracts
5. How Smart Contracts on Blockchain Can Help Reduce Contractual Hold-up
6. Conclusion
Appendix A: Addressing Hold-up with Options Contracts (Noldeke and Schmidt 1995)
Appendix B: Moore-Repullo Revelation Mechanism.
More Information
Product Summary
| Richard Holden & Anup Malani's Can Blockchain Solve the Hold-up Problem in Contracts? By Combridge University Press |
Review
Please Login to Submit Review.
Recently Viewed Products
HOT
10% Off
HOT
5% Off
HOT
50% Off
Size Guide
Ready to Wear Clothing
Lawmart is The One-Stop Destination for Legal Professionals
Lawmart - India's Largest Online Law Store Offering a Wide Range of Bare Acts, Law Books, Taxation Books, Academic Books, Journals, Legal Apparels and Legal Accessories Online. Get Amazing Discounts and Enjoy Fast Shipping as Well as Cash on Delivery at Our Online Store.
How to Buy Products From Lawmart?
First You Need to Log into Your Account With Your E-Mail id or Phone Number. Then We Will Send OTP. Once Your Account is Verified, Then You Need to Enter Your Name, Correct Address, E-Mail id and Phone Number in Your Account Section. After That You Can Order From Lawmart.
© 2022 Lawmart. All Rights Reserved.
Added to your shopping cart successfully.
Cushioned Office Chair
Color: Gray
1 X $113.88
Total: $113.88
Title
We were affected by the fire next door and will remain closed until further notice.
Close
