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  5. Can Blockchain Solve the Hold-up Problem in Contracts?

Can Blockchain Solve the Hold-up Problem in Contracts?

av Richard (University of New South Wales Holden

del av Elements in Law, Economics and Politics-serien

Can Blockchain Solve the Hold-up Problem in Contracts? av Richard (University of New South Wales Holden
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
  • Format:
  • Häftad
  • Sidor:
  • 75
  • Utgiven:
  • 18 November 2021
  • Utgåva:
  • Mått:
  • 228x152x9 mm.
  • Vikt:
  • 102 g.
  I lager
Leveranstid: 4-7 vardagar
Förväntad leverans: 7 Oktober 2024

Om Richard (University of New South Wales Holden

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Beskrivning av 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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