Contract Theory and the Limits of Contract Law

By Alan G. Schwartz, Robert E. Scott. 2003

313 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Law

View Paper: https://www.semanticscholar.org/paper/de756cf3411257619687acaad6fa16d4d228ff39

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Dylan Hadfield-Menell
2. Armin Falk
3. Alan G. Schwartz
4. Paul Heidhues
5. Gillian K. Hadfield
6. Steffen Altmann
7. Ernst Fehr
8. Thomas J. Dohmen

In Law

1. Dylan Hadfield-Menell
2. Alan G. Schwartz
3. Gillian K. Hadfield

Citations in the corpus

• The Law and Economics of Costly Contracting (2001, background): “See Schwartz and Scott (2003), which analyzes the relation between legal doctrine and ®rm preferences over judicial interpretive styles less formally, though at greater length, than is done in this article.”
• Defaults and Donations: Evidence from a Field Experiment (2019, background): “First, it seems highly unlikely that the observed effects can be explained by direct transaction costs related to opting out of the defaults (e.g., Schwartz and Scott 2003).”
• Incomplete Contracting and AI Alignment (2018, background): “…in the costly cognitive effort of discovering, evaluating and drafting contract terms to cover all circumstances [40, 42, 43], leave out terms that are costly to enforce [20, 25, 39], or leave out contingencies and/or actions because they cannot be verified by enforcers at reasonable cost [16, 35].”