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Can Blockchain Solve the Hold-up Problem in Contracts? av Richard (University of New South Wales Holden

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Om Can Blockchain Solve the Hold-up Problem in Contracts?

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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Språk:
Engelsk

ISBN:
9781009001397

Forlag:
Cambridge University Press

Bindende:
Paperback

Sider:
75

Utgitt:
18. november 2021

Utgave:

Dimensjoner:
228x152x9 mm.

Vekt:
102 g.

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Leveringstid: 4-8 virkedager

Forventet levering: 3. januar 2025

Utvidet returrett til 31. januar 2025

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Beskrivelse av Can Blockchain Solve the Hold-up Problem in Contracts?

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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