1.

Record Nr.

UNINA9910633915203321

Autore

Mittlaender Sergio

Titolo

Equity, Efficiency, and Ethics in Remedies for Breach of Contract : Theory and Experimental Evidence / / by Sergio Mittlaender

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2022

ISBN

9783031108044

9783031108037

Edizione

[1st ed. 2022.]

Descrizione fisica

1 online resource (241 pages)

Collana

International Law and Economics, , 2364-186X

Disciplina

346.022

Soggetti

Law and economics

Contracts

Common law

Economics - Psychological aspects

Law - Philosophy

Law - History

Civil law

Law and Economics

Common Contract Law

Behavioral Economics

Theories of Law, Philosophy of Law, Legal History

Civil Law

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Chapter 1. Introduction -- Chapter 2. Theories of Contract and Contract Law -- Chapter 3. Disagreement, Conflict, and Retaliation in Breach of Contract -- Chapter 4. Reciprocity and Legal Relief in Breach of Contract -- Chapter 5. Retaliation, Remedies, and Contracts -- Chapter 6. Implications and Normative Analysis of Remedies for Breach -- Chapter 7. Conclusion.

Sommario/riassunto

This book analyzes the conflict that emerges between parties after a breach of contract and how different legal remedies can best reduce conflict. Causes for conflict include equity, efficiency, and ethical



reasons that parties might consider and use to blame the other or to justify breach. In the end, if not resolved through apologies or renegotiation, conflict leads to aggrievement and behavioral reactions in form of retaliation by the victim against the promisor in breach. The book provides empirical evidence from laboratory experiments for how individuals react to perceived wrongful acts such as breach of contract and for the function of legal remedies to reduce retaliation by disappointed promisees in providing them compensation. It reveals how the inequality in the outcome, and not the inefficiency of breach of contract, causes aggrievement and retaliation by victims. The book concludes with a comparative law and economic analysis of remedies for breach of contract adopted in different leading jurisdictions, with important normative implications for the American insistence on expectation damages, the French expansion of specific performance with "astreinte", the German junction of specific performance, expectation damages, and disgorgement damages, and the British timid acceptance of partial disgorgement damages. The book will appeal to scholars, researchers, and students of economics and law, interested in a better understanding of remedies for breach of contract.