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Economic Analysis of Contract Law

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Steven Shavell

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Abstract

Contract law governs agreements between parties. This paper contains the chapters on contract law from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). Chapter 13 presents an overview of the subject. Chapter 14 is concerned with contract formation, that is, with the process through which parties find contracting partners, with aspects of contract negotiation, and with the rules governing when an arrangement between parties becomes legally recognized as a contract. Chapter 15 considers at length an important type of contract: the contract to produce something. Chapter 16 is concerned with two other types of contract: the contract for transfer of possession of something that already exists (such as land or a painting), and donative contracts.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 9696.

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Date of creation: May 2003
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Handle: RePEc:nbr:nberwo:9696

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D00 - Microeconomics - - General - - - General
D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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  1. Peter Cserne, . "Freedom of choice and paternalism in contract law: a law and economics perspective," German Working Papers in Law and Economics 2006-1-1139, Berkeley Electronic Press. [Downloadable!]
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This page was last updated on 2010-1-6.

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