Can blockchain solve the hold-up problem in contracts?
Auteur :
Holden, Richard / Malani, Anup
Éditeur :
Cambridge University Press
ISBN :
9781009001397
Date de publication :
18 nov. 2021
Dimensions :
22,9 x 15,1 x 0,4 cm
Poids :
100 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.