This paper deals with the risk of opportunism – the usual risk in economic exchanges. The breach of contract is …

to Contract” in Anglo-American law. This repudiation of the legal principle known as sanctity of contract was highly … the nineteenth century, contract reached its apotheosis in the modern business corporation, whose complex webs of consent … “restraint of trade” and “unfair methods of competition.” Consequently, entire categories of contract were banned, while other …

-fixed price and cost-plus contract forms in acquisition or procurement contracts. The effects and relative magnitudes of quality … and productivity incentives, economic profit, allocation of risk, and the option value of contract changes between the two …

This paper addresses the role of formal contract law and contract enforcement institutions in economic development. Its … inquiry is consequentialist: whether the existence of a formal contract law and enforcement regime significantly contributes … state to adopt an effective formal contract law and enforcement regime, without also adopting a particular type of political …

This paper is forthcoming as a chapter in Contract Law and Economics, ed. Gerrit de Geest (Cheltenham: Elgar 2009 …

the contract forms created by FIDIC …

there is a strong positive correlation between legal deterrence of unconscionable contract and disincentive for a party to … trade that should be taken in consideration seriously in designing the legal remedies for unconscionable contract …