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Can Blockchain Solve the Hold-up Problem in Contracts? av Richard (University of New South Wales Holden

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306,-

Om Can Blockchain Solve the Hold-up Problem in Contracts?

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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Språk:
Engelska

ISBN:
9781009001397

Förlag:
Cambridge University Press

Format:
Häftad

Sidor:
75

Utgiven:
18. november 2021

Utgåva:

Mått:
228x152x9 mm.

Vikt:
102 g.

306,-
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Leveranstid: 4-7 vardagar

Förväntad leverans: 7. januari 2025

Förlängd ångerrätt till 31. januari 2025

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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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