Can Blockchain Solve the Hold-up Problem in Contracts?
PAYBACK Punkte
11 °P sammeln!
Conventional contract technologies to ensure commitmentâ liquidated damagesâ are disfavored by courts and themselves subject to renegotiation. Smart contracts written on blockchain ledgers offer a solution. We explain the basic economics and legal relevance of these technologies, and we argue that they can implement liquidated damages without courts.
Andere Kunden interessierten sich für
