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Delivering Legality on the Internet: Developing Principles for the Private Provision of Commercial Law

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  • Gillian K. Hadfield

Abstract

The development of commercial trade on the Internet has generated a demand for commitment services not met by publicly provided law. In this environment, privately provided means of delivering legality to support trade have emerged, supplying "trust" and "assurance" services through digital certificates and digital seal programs. I survey these developments and from them generate a set of principles to guide economic analysis of privately provided commercial law. Copyright 2004, Oxford University Press.

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  • Gillian K. Hadfield, 2004. "Delivering Legality on the Internet: Developing Principles for the Private Provision of Commercial Law," American Law and Economics Review, American Law and Economics Association, vol. 6(1), pages 154-184.
    • Handle: RePEc:oup:amlawe:v:6:y:2004:i:1:p:154-184
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    Cited by:

    1. Brousseau, Eric & Raynaud, Emmanuel, 2011. "“Climbing the hierarchical ladders of rules”: A life-cycle theory of institutional evolution," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1), pages 65-79.

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