Skip to main content
SpringerLink
Log in
Book cover

Handbook of New Institutional Economics pp 175–203Cite as

The Many Legal Institutions that Support Contractual Commitments

  • Chapter

Keywords

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (Canada)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   259.00
Price excludes VAT (Canada)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD   329.99
Price excludes VAT (Canada)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Ayres, Ian and Robert Gertner. 1989. “Filling Gaps in Incomplete Contracts: An Economic Theory of Default Rules”. Yale Law Journal 99: 87–130.

    Google Scholar 

  • Bailey, Martin J and Paul H. Rubin. 1994. “A Positive Theory of Legal Change”. International Review of Law and Economics 14: 467–477.

    CrossRef  Google Scholar 

  • Bardhan, Pranab. 1997. “Corruption and Development: A Review of Issues”. Journal of Economic Literature 35: 1320–1346.

    Google Scholar 

  • Benson, Bruce. L. 1989. “The Spontaneous Evolution of Commercial Law”. Southern Economic Journal 55: 644–661.

    Google Scholar 

  • Berkowitz, Daniel, Katharina Pistor, and Jean-Francois Richard. 2003. “The Transplant Effect”. American Journal of Comparative Law 51: 163–203.

    Google Scholar 

  • Bernstein, Lisa. 1992. “Opting Out of the Legal System: Extralegal Contractual Relations in the Diamond Industry”. Journal of Legal Studies 21: 115–157.

    Google Scholar 

  • Djankov, Simeon, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer. 2003. “Courts: The Lex Mundi Project”. The Quarterly Journal of Economics 118: 453–517.

    CrossRef  Google Scholar 

  • Gilson, Ronald J. 1984. “Value Creation by Business Lawyers: Legal Skills and Asset Pricing”. Yale Law Journal 94: 239–313.

    Google Scholar 

  • Grajzl, Peter and Peter Murrell. 2003. “Professions, Politicians and Institutional Reforms”. University of Maryland Department of Economics Working Paper.

    Google Scholar 

  • Greif, Avner. 1989. “Reputation and Coalitions in Medieval Trade: Evidence on the Maghribi Traders”. Journal of Economic History 49: 857–882.

    Google Scholar 

  • —. 1993. “Contract Enforceability and Economic Institutions in Early Trade: The Maghribi Traders’ Coalition”. American Economic Review 83: 525–548.

    Google Scholar 

  • Greif, Avner, Paul R. Milgrom, and Barry R. Weingast. 1994. “Coordination, Commitment, and Enforcement: The Case of the Merchant Guild”. Journal of Political Economy 102: 745–776.

    CrossRef  Google Scholar 

  • Greif, Avner and Eugene Kandel. 1995. “Contract Enforcement Institutions: Historical Perspective and Current Status in Russia” in Edward P. Lazear (ed.), Economic Transition in Eastern Europe and Russia: Realities of Reform. (Stanford, CA: Hoover Institution Press).

    Google Scholar 

  • Goetz, Charles and Robert Scott. 1981. “Principles of Relational Contracts”. Virginia Law Review 67: 1089–1151.

    Google Scholar 

  • Hadfield, Gillian K. 1990. “Problematic Relations: Franchising and the Law of Incomplete Contracts”. Stanford Law Review 42: 927–992.

    Google Scholar 

  • —. 1992. “Bias in the Evolution of Legal Rules”. Georgetown Law Journal 80: 583–616.

    Google Scholar 

  • —. 1994. “Judicial Competence and the Interpretation of Incomplete Contracts”. Journal of Legal Studies 29: 159–184.

    CrossRef  Google Scholar 

  • —. 2001. “Privatizing Commercial Law”. Regulation 24(1): 40–45. Also reprinted in New Zealand Business Law Quarterly 7: 287—295.

    Google Scholar 

  • —. 2002 “Privatizing Commercial Law: Lessons from ICANN”. Journal of Small and Emerging Business Law 6: 257–283.

    Google Scholar 

  • —. 2004. “Delivering Legality on the Internet: Developing Principles for the Private Provision of Commercial Law”. American Law and Economics Review 6: 154–184.

    Google Scholar 

  • —. (in progress) “Assessing the Structure and Regulation of the Legal Professions in Slovakia.”

    Google Scholar 

  • —, Robert Howse, and Michael Trebilcock. 1998. “Information-Based Principles for Rethinking Consumer Protection Policy”. Journal of Consumer Policy 21: 131–169.

    Google Scholar 

  • Hansmann, Henry and Reinier Kraakman. 2000. “The Essential Role of Organizational Law”. Yale Law Journal 110: 387–440.

    Google Scholar 

  • Hay, Jonathan R. and Andrei Shleifer. 1998. “Private Enforcement of Public Laws: A Theory of Legal Reform”. The American Economic Review 88: 398–403.

    Google Scholar 

  • Hendley, Kathryn. 2001. “Beyond the Tip of the Iceberg: Business Disputes in Russia” in Peter Murrell (ed.), Assessing the Value of Law in Transition Economies, pp. 20–55.

    Google Scholar 

  • —, Peter Murrell, and Randi Ryterman. 2001. “Law Works in Russia: The Role of Law in Interenterprise Transactions” in Peter Murrell (ed.), Assessing the Value of Law in Transition Economies, pp. 56–93.

    Google Scholar 

  • Johnson, Simon, John McMillan, and Christopher Woodruff. 2002. “Courts and Relational Contracts”. Journal of Law, Economics and Organization 18: 221–261.

    Google Scholar 

  • Kakalik, James S. et al. 1996. Just, Speedy and Inexpensive? An Evaluation of Judicial Case Management Under the Civil Justice Reform Act. Santa Monica, CA: RAND Institute for Civil Justice.

    Google Scholar 

  • Klein, Benjamin, R.A. Crawford, and A.A. Alchian. 1978. “Vertical Integration, appropriable rents, and the competitive contracting process”. Journal of Law and Economics 21: 297–326.

    Google Scholar 

  • Klein, Benjamin and K.B. Leffler. 1981. “The role of market forces in assuring contractual performance”. Journal of Political Economy 89: 615–641.

    CrossRef  Google Scholar 

  • Laffont, Jean-Jacques and David Martimort. 2002. The Theory of Incentives. Princeton, NJ: Princeton University Press.

    Google Scholar 

  • Langbein, John. H. 1985. “The German Advantage in Civil Procedure”. The University of Chicago Law Review 52: 823–866.

    Google Scholar 

  • La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny. 1998. “Law and Finance.” Journal of Political Economy 106: 1113–1155.

    Google Scholar 

  • Lee, Young and Patrick Meagher. 2001. “Misgovernance or Misperception? Law and Finance in Central Asia” in Peter Murrell (ed.), Assessing the Value of Law in Transition Economies, pp. 133–179.

    Google Scholar 

  • Macneil, Ian R. 1985. “Relational Contract: What We Do and Do Not Know.” Wisconsin Law Review 3: 482–524.

    Google Scholar 

  • Mathewson, Frank and Ralph Winter. 1984. “An Economic Theory of Vertical Restraints”. RAND Journal of Economics 15: 27–38.

    Google Scholar 

  • Masten, Scott and Edward Snyder. 1993. “United States Versus United Shoe Machinery Corporation: On the Merits.” Journal of Law and Economics 36: 33–70.

    CrossRef  Google Scholar 

  • McMillan, John and Christopher Woodruff. 2000. “Private Order Under Dysfunctional Public Order.” Michigan Law Review 98: 2421–2458.

    Google Scholar 

  • Merryman, John. 1985. The Civil Law Tradition, Stanford, CA: Stanford University Press.

    Google Scholar 

  • Messick, Richard. 1999. “Judicial Reform and Economic Development: A Survey of the Issues.” The World Bank Research Observer 14: 117–136.

    Google Scholar 

  • Milgrom, Paul R., Douglass C. North, and Barry R. Weingast. 1990. “The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges and the Champagne Fairs.” Economics and Politics 2: 1–23.

    Google Scholar 

  • Murrell, Peter. 2001. Assessing the Value of Law in Transition Economies. Ann Arbor, MI: University of Michigan Press.

    Google Scholar 

  • North, Douglass C. 1990. Institutions, Institutional Change and Economic Performance Cambridge: Cambridge University Press.

    Google Scholar 

  • Pei, Minxin. 2001. “Does Legal Reform Protect Economic Transactions? Commercial Disputes in China” in Peter Murrell (ed.), Assessing the Value of Law in Transition Economies, pp. 180–210.

    Google Scholar 

  • Pound, Roscoe. 1911. “The Scope and Purpose of Sociological Jurisprudence”. Harvard Law Review 24: 591–619.

    Google Scholar 

  • Schneider, Martin J. 2003. “Employment Litigation on the Rise? Comparing British Employment Tribunals and German Labor Courts“. Comparative Labor Law and Policy Journal 22: 261–280.

    Google Scholar 

  • Schwartz, Alan and Robert Scott. 1995. “The Political Economy of Private Legislatures”. University of Pennsylvania Law Review 143: 595–692.

    Google Scholar 

  • —. 2003. “Contract Theory and the Limits of Contract Law.” Yale Law Journal 113:541–619.

    Google Scholar 

  • Shaked, A. and J. Sutton. 1981. “The Self-Regulating Profession”. Review of Economic Studies 11: 217–234.

    Google Scholar 

  • Shavell, Steven. 2003. “On the Wring and Interpretation of Contracts”. Harvard Law and Economics Discussion Paper No. 445.

    Google Scholar 

  • Shepherd, George B. and William G. Shepherd. 1999. “Scholarly Restraints? ABA Accreditation and Legal Education.” Cardozo Law Review 19: 2091–2257.

    Google Scholar 

  • Stone, Katherine Van Wezel. 1999. “Rustic Justice: Community and Coercion under the Federal Arbitration Act.” North Carolina Law Review 77: 931–1036.

    Google Scholar 

  • Telser, Lester. 1981. “A theory of self-enforcing agreements.” Journal of Business 53: 27–44.

    CrossRef  Google Scholar 

  • Williamson, Oliver E. 1975. Markets and Hierarchies: Analysis and Antitrust Implications. New York: Free Press.

    Google Scholar 

  • —. 1983. “Credible Commitments: Using Hostages To Support Exchange”, American Economic Review 73: 519–540.

    Google Scholar 

  • —. 1985. The Economic Institutions of Capitalism. New York: The Free Press.

    Google Scholar 

  • World Bank. 2000. Anti-Corruption in Transition: A Contribution to the Policy Debate. Washington, DC: The World Bank.

    Google Scholar 

  • —. 2003. Doing Business in 2004: Understanding Regulation. Washington, DC: World Bank.

    Google Scholar 

Download references

Authors
  1. Gillian K. Hadfield
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. University of Paris (Pantheon-Sorbonne), France

    Claude Menard

  2. The Ronald Coase Institute, Chevy Chase, MD, USA

    Mary M. Shirley

Rights and permissions

Reprints and permissions

Copyright information

© 2005 Springer

About this chapter

Cite this chapter

Hadfield, G.K. (2005). The Many Legal Institutions that Support Contractual Commitments. In: Menard, C., Shirley, M.M. (eds) Handbook of New Institutional Economics. Springer, Boston, MA. https://doi.org/10.1007/0-387-25092-1_9

Download citation

Publish with us

Policies and ethics

search

Navigation