Contracts between Legal Persons

  title={Contracts between Legal Persons},
  author={Lewis A. Kornhauser and W. Bentley MacLeod},
  journal={Economics Educator: Courses},
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… Expand
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