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Can Blockchain Solve the Hold-up Problem in Contracts?

By: Sydney) Holden Richard (University of New South Wales (Author) , Anup (University of Chicago) Malani (Author)

3 in stock

Ksh 3,600.00

Format: Paperback or Softback

ISBN-13: 9781009001397

Publisher: Cambridge University Press

Publication Date: Nov 18th, 2021

Weight: 102 grams

Dimension: 15.20 x 22.80 x 0.90 cms

Category: POLITICS & GOVERNMENT

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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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