Can Blockchain Solve the Hold-up Problem in Contracts?. New ed, Paperback/Anup (University of Chicago) Malani

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. Publisher: Cambridge University Press Author(s): Anup (University of Chicago) Malani Illustration(s): Worked examples or Exercises Number of pages: 75 Collection: Elements in Law, Economics and Politics Publication date: 2021 Dimensions: 152 x 228 x 9 Cover type: Paperback / softback