EconPapers    
Economics at your fingertips  
 

Contracts between Legal Persons

Lewis A. Kornhauser and W. Bentley Macleod ()

No 16049, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Contract law and the economics of contract have, for the most part, developed independently of each other. In this essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize the economics literature on contract. The review thus provides an overview of the literature for economists who are interested in exploring the economic implications of contract law. The title, Contracts between Legal Persons, limits the review to that part of contract law that is generic to any legal person. A legal person is any individual, firm or government agency with the right to enter into binding agreements. Our goal is to discuss the role of the law in enforcing these agreements under the hypothesis that the legal persons have well defined goals and objectives.

JEL-codes: D02 D2 K12 L14 (search for similar items in EconPapers)
Date: 2010-06
Note: LE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published as “Contracts between Legal Persons,” with Lewis Kornhauser, in The Hand- book of Organizational Economics , Robert Gibbons and John Roberts, editors, December 2012, Princeton University Press, Princeton, NJ.

Downloads: (external link)
http://www.nber.org/papers/w16049.pdf (application/pdf)

Related works:
Chapter: Contracts between Legal Persons (2012)
Working Paper: Contracts between Legal Persons (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:16049

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w16049

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2025-04-01
Handle: RePEc:nbr:nberwo:16049