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Can Blockchain Solve the Hold-up Problem in Contracts?

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
  • Bindende:
  • Paperback
  • Sider:
  • 75
  • Utgitt:
  • 18 november 2021
  • Utgave:
  • Dimensjoner:
  • 228x152x9 mm.
  • Vekt:
  • 102 g.
  På lager
Leveringstid: 4-7 virkedager
Forventet levering: 5 oktober 2024

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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