This article makes a comparative examination of the widening spectrum of cases in which both tort law and contract law … an obligation that, on the one hand, is predicated on and arises from the contract, but, on the other hand, does not … this article is to propose general guide lines for either choosing between tort law and contract law when imposing non …

This article makes a comparative examination of the widening spectrum of cases in which both tort law and contract law … an obligation that, on the one hand, is predicated on and arises from the contract, but, on the other hand, does not … this article is to propose general guidelines for either choosing between tort law and contract law when imposing non …

the issue reflected in the column’s caption—that is, how can a party to a contract lack standing to sue another party for …

fundamental inconsistency within contract law regarding the status of third parties: On the one hand, we know that it takes a … community to contract. Contracting parties often rely on multiple third parties – not signatories to the contract – to play … the externalities that contracting parties impose on them under a traditional view of contract as an exchange between two …

multiplicative separability condition, the optimal mechanism offers a single contract. This condition holds, for example, when output … likelihood ratio property, the mechanism offers a single debt contract. Our results generalize if the output distribution is … “close” to multiplicatively separable. Our model suggests that offering a single contract may be optimal in environments with …

information. This strategy affects the properties of the optimal contract, which grows closer to the first best. This research …