Legal protection of legitimate expectations in the law of exchange of goods and services

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Chapter 17 in The Economic Analysis of Civil Law, 2022, pp 472-484 from Edward Elgar Publishing

Abstract: This chapter relates insights from the theory of information to contractual and precontractual legal rules, which protect trust. Law should provide incentives to generate productive information whose use increases the productivity of resource use. Under the same token law should destroy any incentives to collect information, which can only lead to foreknowledge and an unproductive redistribution of damages.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2022
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