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Equity, Efficiency, and Ethics in Remedies for Breach of Contract

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Equity, Efficiency, and Ethics in Remedies for Breach of Contract

Theory and Experimental Evidence

Sergio Mittlaender

Springer
Collection: International Law and Economics
Publication date : 2022-12-02

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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.

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About the book

Author

Sergio Mittlaender

Imprint

Springer

Collection

International Law and Economics

Publication date

2022-12-02

Pages

228 pages

Print ISBN

9783031108037

Language

English

Ebook informations

EAN PDF

9783031108044

Price

£109.50

Copy count 2

Print count 22

File size 3400 Ko

Informations accessibility

EAN EPUB

9783031108044

Price

£109.50

Copy count 2

Print count 22

File size 1290 Ko

Informations accessibility

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About author(s)

Sergio Mittlaender

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