Contracts between Legal Persons Contract law and the economics of contract have, for the most part, developed independently of each other. In this essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of contract law...

Fiscal regimes in petroleum licensed contracts are defined as the tools through which return on oil wealth fellow into state treasury, it includes several forms according to type of contract, so, most common fiscal are: royalty, taxes, profit or rents. This work makes a comparison between types investment agreements and difference them share contractor share. The main these concessionary contra...

The literature on the economics of airline codesharing has suggested that codeshare agreements serve to eliminate double marginalization that exists when unaffiliated airlines independently determine the price for different segments of an interline trip. Using a structural econometric model, this paper investigates whether codeshare contracts do eliminate double marginalization. The results sug...

This article develops the point that incentive and risk-bearing problems associated with contractual holdup may justify legal intervention. Contractual holdup is considered both for fresh contracts and for modifications of contracts. One type of legal intervention is flat voiding of contracts. Such intervention tends to be advantageous when holdup situations are engineered. Another type of inte...

 One of the complex matters in banking law is the problems and mistakes which occur in the process of bank payments. Mistake of banker or error in processing of information in bank networks may result in payment delay or paying money to the account of a person other than who was really intended. This article is about rules for allocation of losses between account holders implicated and t...

This work presents the e-Cobra architecture, an on-demand resource allocation system based on service contracts, developed to address some of the problems in the deployment and management of network based application services. The architecture supports business rules representation extracted from negotiated contracts between the involved parts (providers and customers). From these contracts, po...