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What is Strategic Contractual Inefficiency Analysis about?

This document summarizes an academic article about strategic contractual inefficiency and the optimal choice of legal rules. It discusses two different types of contractual incompleteness - obligational incompleteness, where obligations are not fully specified, and contingency incompleteness, where contracts fail to realize all potential gains from trade. It notes that legal scholars and economists have analyzed these types of incompleteness separately. The document explains how courts can use their decisio

Author

Dani Fu

Language

EN