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Economic Analysis of Contract Law

Steven Shavell

Harvard Law School; National Bureau of Economic Research (NBER)

February 2003

Harvard Law and Economics Discussion Paper No. 403

Contract law governs agreements between parties. This paper contains the chapters on contract law from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). Chapter 13 presents an overview of the subject. Chapter 14 is concerned with contract formation, that is, with the process through which parties find contracting partners, with aspects of contract negotiation, and with the rules governing when an arrangement between parties becomes legally recognized as a contract. Chapter 15 considers at length an important type of contract: the contract to produce something. Chapter 16 is concerned with two other types of contract: the contract for transfer of possession of something that already exists (such as land or a painting), and donative contracts.

Number of Pages in PDF File: 74

JEL Classification: D00, D8, K00, K12

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Date posted: February 20, 2003  

Suggested Citation

Shavell, Steven, Economic Analysis of Contract Law (February 2003). Harvard Law and Economics Discussion Paper No. 403. Available at SSRN: http://ssrn.com/abstract=382040 or http://dx.doi.org/10.2139/ssrn.382040

Contact Information

Steven Shavell (Contact Author)
Harvard Law School ( email )
1575 Massachusetts
Hauser 406
Cambridge, MA 02138
United States
617-495-3668 (Phone)
617-496-2256 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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