TY  - RPRT
        AU  - Kornhauser, Lewis A.
AU  - MacLeod, W. Bentley
        TI  - Contracts between Legal Persons
        PY  - 2010/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5352
        UR  - https://www.iza.org/publications/dp5352
        AB  - Contract law and the economics of contract have, for the most part, developed independently of each other. In this essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of contract law that is generic to any legal person. A legal person is any individual, firm or government agency with the right to enter into binding agreements. Our goal is to discuss the role of the law in enforcing these agreements under the hypothesis that the legal persons have well defined goals and objectives.
        KW  - incomplete contracts
KW  - contract theory
KW  - contract breach
KW  - law and economics
KW  - contract law
        ER  -