Private Ordering, Collective Action, and the Self-Enforcing Range of Contracts. The Case of French Livestock Industry
AbstractContract enforcement is acknowledged as a major issue in Law and in Economics. Contrasting substitution and complementary perspectives with respect to the role of private versus public enforcement institutions, this article analyses how contract law can support private institutions, and enhance economic efficiency. With multilateral agreements at stake, self-regulation and reputation mechanisms at the core of private ordering have limitations that collective organizations backed by the Law help to overcome. The analysis is substantiated by empirical data from the cattle industry. Our results suggest the need for a broader approach to contract regulation by legal scholars and antitrust-authorities.
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Bibliographic InfoPaper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00624288.
Date of creation: 2010
Date of revision:
Publication status: Published, European Journal of Law and Economics, 2010, 29, 1, 131-153
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Contract Law; Private Enforcement; Transaction Costs; Self-Regulation; Coalitions; Cartels; Collective Organization;
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