Optimal Penalties in Contracts
Abstract
Reviews the literature on breach of contract and contract penalties and presents in a coherent framework. Critiques the grounds on which courts validate liquidated damage provisions or invalidate penalties.
Suggested Citation
Aaron S. Edlin and Alan Schwartz. "Optimal Penalties in Contracts" Chicago-Kent Law Review (2003).
Available at: http://works.bepress.com/aaron_edlin/30