Jul 17, 20232 min read
What gave rise to China’s land finance?
After the 1994 tax system reform, there has been increasing debate about whether the shared tax system has led to an increase in local...
Mar 22, 20221 min read
CONTRACT LAW: GENERAL THEORIES
Abstract When contracts are incomplete, the law must rely on default rules to resolve any issues that have not been explicitly addressed...
Mar 21, 20221 min read
CONTRACTUAL CHOICE
Abstract This chapter discusses alternative theories of contract choice and design with special emphasis on (i) the interaction between...
Mar 21, 20221 min read
LONG-TERM CONTRACTS AND RELATIONAL CONTRACTS
Abstract This chapter discusses the literature on long-term contracts and relational contracts. The central issues in the literature on...
Mar 21, 20221 min read
MANDATORY INSURANCE: TRANSACTION COSTS ANALYSIS OF INSURANCE
Abstract The pooling-of-risks theory of insurance has proven to be most useful and is widely applied in law and economics. Nevertheless,...
Mar 20, 20221 min read
NUISANCE
Abstract The economics of nuisance disputes was one of the initial areas of work in the field known as law and economics. commencing...