Can Blockchain Solve the Hold-up Problem in Contracts?. New ed, Paperback

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.

• Publisher: Cambridge University Press
• Author(s): Anup (University of Chicago) Malani
• Illustration(s): Worked examples or Exercises
• Number of pages: 75
• Collection: Elements in Law, Economics and Politics
• Publication date: 2021
• Dimensions: 152 x 228 x 9
• Cover type: Paperback / softback