Can Blockchain Solve the Hold-up Problem in Contracts? | Richard (University of New South Wales Holden | Kaufen Can Blockchain Solve the Hold-up Problem in Contracts? als buch, taschenbuch aus Tales

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Über 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.

Sprache:
Englisch

ISBN:
9781009001397

Verlag:
Cambridge University Press

Einband:
Taschenbuch

Seitenzahl:
75

Veröffentlicht:
18 November 2021

Ausgabe:

Abmessungen:
228x152x9 mm.

Gewicht:
102 g.

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Beschreibung von 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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