Can Blockchain Solve the Hold-up Problem in Contracts?
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Informação do Produto
| ISBN | 9781009001397 |
|---|---|
| Editora | Cambridge University Press |
| Preço (iva excl.) | € 26,32 |
| Imposto | € 1,58 |
| Preço (iva inc.) | € 27,90 |
| Disponibilidade | 2 unidades em armazém externo |
Descrição do Produto
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.