This chapter surveys major issues arising in the economic analysis of contract law. It begins
with an introductory discussion of scope and methodology, and then addresses four main …

To the bewilderment of pedestrians in the 1980s, panhandlers, aimless wanderers pushing
shopping carts, and other down-and-out individuals appeared with increasing frequency in …

Modern economic analysis of contract law began about thirty years ago and, many scholars
would agree, has become the dominant academic style of contract theory. Traditional …

In Fiduciary Law, Tamar Frankel examines the structure, principles, themes, and objectives
of fiduciary law. Fiduciaries, which include corporate managers, money managers, lawyers …

This is a survey of economic analysis of law, that is, of the emerging field under which the
standard tools of microeconomics are employed to identify the effects of legal rules and their …

Concepts that are useful for analysis often can do great mischief if taken as accurate
descriptions of reality or as broad and universal normative principles. Such mischief is …

Default rule analysis has become a central feature of modem contracts scholarship. This
scholarship is illuminating but less helpful than it could be for two reasons: first, there are …

In this article, Professor Craswell explores efficient reliance as an implicit economic rationale
underlying courts' decisions in contract formation cases. Contracting parties often fail to …

For over a century, legal commentators have debated the relative merits of formal and
substantive approaches to the interpretation of contracts; in recent years, the debate has …

The purpose of this Article is to examine the doctrine of promissory estoppel, as it applies in
the context of preliminary negotiations, from the viewpoint of the economic theory of rational …