Breach of Contract: An Economic Analysis of the Efficient Breach Scenario

“Efficient breach” is one of the most discussed topics in the literature of law and economics. What remedy incentivizes the parties of a contract to perform contracts if and only if it is efficient? This book provides a new perception based on an in-depth analysis of the impact the market structure, asymmetry of information, and deviations from the rational choice model have, comprehensively.

The author compares the two predominant remedies for breach of contract which have been adopted b...