Can Blockchain Solve the Hold-up Problem in Contracts? (Holden Richard (University of New South Wales Sydney))(Paperback / softback)

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EAN: 9781009001397

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

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Can Blockchain Solve the Hold-up Problem in Contracts? (Holden Richard)(Paperback)

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