Behavioral Contract Law

被引:1
作者
Ulen, Thomas S. [1 ,2 ,3 ]
机构
[1] Univ Illinois, Champaign, IL 61820 USA
[2] Univ Illinois, Coll Law, Law, Champaign, IL 61820 USA
[3] Texas A&M Univ, Hagler Adv Studies Inst, College Stn, TX 77843 USA
关键词
behavioral economics; contract remedies; consumer bias; unconscionability; consumer protection; STANDARD FORM CONTRACTS; GROWING DISJUNCTION; LIQUIDATED DAMAGES; REFERENCE POINTS; LEGAL-EDUCATION; ECONOMICS; BREACH; INFORMATION; PERFORMANCE; PSYCHOLOGY;
D O I
10.1515/rle-2021-0067
中图分类号
D9 [法律]; DF [法律];
学科分类号
0301 ;
摘要
This article explores some behavioral findings that are relevant to three areas of contract: formation, performance, and remedies. I compare the rational choice theory analysis of various aspects of contract law with how behavioral findings lead to a change in our understanding of that area of law. A penultimate section considers several criticisms of behavioral economics. A concluding section calls for altering some settled understandings of contract law to accommodate behavioral results and for further research about some still uncertain aspects of contracting.
引用
收藏
页码:281 / 322
页数:42
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