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
Date Written: November 30, 2015
“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: Suggested Citation