Contract Theory and the Economics of Contract Law

Economic Methods for Lawyers (edited by Emanuel V. Towfigh/ Niels Petersen) (Edward Elgar Publishing Limited), 2015

25 Pages Posted: 22 Sep 2015 Last revised: 30 Nov 2021

See all articles by Klaus Ulrich Schmolke

Klaus Ulrich Schmolke

University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg - Law School

Date Written: November 30, 2015

Abstract

“Contract Theory and Economics of Contract Law” is a chapter of the book “Economic Methods for Lawyers”, which is edited by Emanuel V. Towfigh and Niels Petersen. This book provides an essential introduction to the economic tools, which can usefully be employed in legal reasoning. It is geared specifically towards those without a great deal of exposure to economic thinking and provides law students, legal scholars and practitioners with a practical toolbox to shape their writing, understanding and case preparation.

This chapter introduces the concepts of contract theory and applies them to various legal settings.

The textbook “Economic Methods for Lawyers” is freely available on the Internet (https://doi.org/10.4337/9781783471676).

Keywords: contract theory, law and economics

JEL Classification: K10, K12

Suggested Citation

Schmolke, Klaus Ulrich, Contract Theory and the Economics of Contract Law (November 30, 2015). Economic Methods for Lawyers (edited by Emanuel V. Towfigh/ Niels Petersen) (Edward Elgar Publishing Limited), 2015, Available at SSRN: https://ssrn.com/abstract=2655499

Klaus Ulrich Schmolke (Contact Author)

University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg - Law School ( email )

91054, Erlangen
Germany

HOME PAGE: http://www.wr2.jura.uni-erlangen.de/

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
124
Abstract Views
1,272
rank
317,078
PlumX Metrics