TY  - CHAP
AB  - The chapter surveys recent developments in economics of contract interpretation. First, we point out the relevance of issue of contract interpretation to contracting problems. We then introduce a general economic model of contract interpretation. It explains why parties write gaps and fairly general terms in contracts, how the court should interpret them, and whether courts should always enforce what contracting parties write. Moreover, we explain why there are contradictions in contracts.
VL  - 25
SN  - 978-1-78052-898-4, 978-1-78052-899-1/0193-5895
DO  - 10.1108/S0193-5895(2012)0000025007
UR  - https://doi.org/10.1108/S0193-5895(2012)0000025007
AU  - Zhao Xiaojian
ED  - Richard O. Zerbe
ED  - John B. Kirkwood
PY  - 2012
Y1  - 2012/01/01
TI  - Economics of Contract Interpretation
T2  - Research in Law and Economics
T3  - Research in Law and Economics
PB  - Emerald Group Publishing Limited
SP  - 61
EP  - 73
Y2  - 2024/04/19
ER  -