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Can Blockchain Solve the Hold-up Problem in Contracts?

Holden, Richard (University of New South Wales, Malani, Anup (University of Chicago)

Omschrijving

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.

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Schrijver: Holden, Richard (University of New South Wales, Malani, Anup (University of Chicago)
Titel: Can Blockchain Solve the Hold-up Problem in Contracts?
Uitgever: Cambridge University Press

Jaar: 2021
Taal: Engels
Pagina's: 75
Gewicht: 102 gr

EAN: 9781009001397
Afmetingen: 229 x 152 x 9 mm
Bindwijze: Paperback / softback

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Can Blockchain Solve the Hold-up Problem in Contracts?

Holden, Richard (University of New South Wales, Malani, Anup (University of Chicago)

Omschrijving

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