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Contract Law with Multi-unit sales
1 : Yale Law School
Private contract enforcement often depends on the collective actions of individual
agents. For instance high rates of credit default obstruct enforcement of duties to
perform, and individuals indi¤erence to infringing on the property rights of owners
can render private contracts ine¤ective. We develop a theory of contracting enabling
private parties to internalize the e¤ects of their behavior on others and of enforcing
private provisions that yield positive spillovers
- Poster
