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Cover: 9783030625276 | Breach of Contract | Oliver Hofmann | Taschenbuch | Paperback | vii
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Breach of Contract
An Economic Analysis of the Efficient Breach Scenario
Taschenbuch von Oliver Hofmann
Sprache: Englisch

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Beschreibung
¿Efficient breach¿ is one of the most discussed topics in the literature of law and economics. What remedy incentivizes the parties of a contract to perform contracts if and only if it is efficient? This book provides a new perception based on an in-depth analysis of the impact the market structure, asymmetry of information, and deviations from the rational choice model have, comprehensively.
The author compares the two predominant remedies for breach of contract which have been adopted by most jurisdictions and also found access to international conventions like the Convention on Contracts for the International Sale of Goods (CiSG): Specific performance and expectation damages. The book illustrates the complexity such a comparison has under more realistic assumptions. The author shows that no simple answer is possible, but one needs to account for the circumstances. The comparison takes an economic approach to law applying game theory. The game-theoretic models are consistent throughout the entire book which makes it easy for the reader to understand what effects different assumptions about the market structure, the distribution of information, and deviations from the rational choice model have, and how they are intertwined.
¿Efficient breach¿ is one of the most discussed topics in the literature of law and economics. What remedy incentivizes the parties of a contract to perform contracts if and only if it is efficient? This book provides a new perception based on an in-depth analysis of the impact the market structure, asymmetry of information, and deviations from the rational choice model have, comprehensively.
The author compares the two predominant remedies for breach of contract which have been adopted by most jurisdictions and also found access to international conventions like the Convention on Contracts for the International Sale of Goods (CiSG): Specific performance and expectation damages. The book illustrates the complexity such a comparison has under more realistic assumptions. The author shows that no simple answer is possible, but one needs to account for the circumstances. The comparison takes an economic approach to law applying game theory. The game-theoretic models are consistent throughout the entire book which makes it easy for the reader to understand what effects different assumptions about the market structure, the distribution of information, and deviations from the rational choice model have, and how they are intertwined.
Über den Autor
Oliver Hofmann is legal engineer and an attorney-at-law, working for Noerr LLP. He studied law at the Ludwig Maximilian University of Munich (Germany) and Stellenbosch University (South Africa). He worked at an international law firm as a lawyer (2014-2016) after completing his legal apprenticeship at the Higher Regional Court Munich (2011-2013). He was a member of the DFG-Graduate School in Law & Economics at the University of Hamburg (Germany) between 2016 and 2019 and Visiting Researcher at Yale Law School (USA) in 2017.
Zusammenfassung

Offers a comprehensive analysis of the efficient breach scenario

Explains the impact of asymmetric information, market structure and behavioral economics on the effects of different remedies for breach of contract

Reveals the complexity of comparison between remedies for breach of contract under realistic conditions

Inhaltsverzeichnis
Introduction.- Breach or Perform Decision - The Traditional Model of the Efficient Breach.- Distributional Effects and the Original Contract.- The Option to Cover.- Over- and Undercompensation.- Incomplete Information.- Transaction Costs.- Conclusion.
Details
Erscheinungsjahr: 2022
Fachbereich: Allgemeines
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Seiten: 276
Reihe: International Law and Economics
Inhalt: vii
268 S.
54 s/w Illustr.
13 farbige Illustr.
268 p. 67 illus.
13 illus. in color.
ISBN-13: 9783030625276
ISBN-10: 3030625273
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Hofmann, Oliver
Auflage: 1st ed. 2021
Hersteller: Springer International Publishing
International Law and Economics
Maße: 235 x 155 x 16 mm
Von/Mit: Oliver Hofmann
Erscheinungsdatum: 12.02.2022
Gewicht: 0,423 kg
preigu-id: 121128123
Über den Autor
Oliver Hofmann is legal engineer and an attorney-at-law, working for Noerr LLP. He studied law at the Ludwig Maximilian University of Munich (Germany) and Stellenbosch University (South Africa). He worked at an international law firm as a lawyer (2014-2016) after completing his legal apprenticeship at the Higher Regional Court Munich (2011-2013). He was a member of the DFG-Graduate School in Law & Economics at the University of Hamburg (Germany) between 2016 and 2019 and Visiting Researcher at Yale Law School (USA) in 2017.
Zusammenfassung

Offers a comprehensive analysis of the efficient breach scenario

Explains the impact of asymmetric information, market structure and behavioral economics on the effects of different remedies for breach of contract

Reveals the complexity of comparison between remedies for breach of contract under realistic conditions

Inhaltsverzeichnis
Introduction.- Breach or Perform Decision - The Traditional Model of the Efficient Breach.- Distributional Effects and the Original Contract.- The Option to Cover.- Over- and Undercompensation.- Incomplete Information.- Transaction Costs.- Conclusion.
Details
Erscheinungsjahr: 2022
Fachbereich: Allgemeines
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Seiten: 276
Reihe: International Law and Economics
Inhalt: vii
268 S.
54 s/w Illustr.
13 farbige Illustr.
268 p. 67 illus.
13 illus. in color.
ISBN-13: 9783030625276
ISBN-10: 3030625273
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Hofmann, Oliver
Auflage: 1st ed. 2021
Hersteller: Springer International Publishing
International Law and Economics
Maße: 235 x 155 x 16 mm
Von/Mit: Oliver Hofmann
Erscheinungsdatum: 12.02.2022
Gewicht: 0,423 kg
preigu-id: 121128123
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