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Legal protection of legitimate expectations in the law of exchange of goods and services

In: The Economic Analysis of Civil Law

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Abstract

This chapter relates insights from the theory of information to contractual and precontractual legal rules, which protect trust. Law should provide incentives to generate productive information whose use increases the productivity of resource use. Under the same token law should destroy any incentives to collect information, which can only lead to foreknowledge and an unproductive redistribution of damages.

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  • ., 2022. "Legal protection of legitimate expectations in the law of exchange of goods and services," Chapters, in: The Economic Analysis of Civil Law, chapter 17, pages 472-484, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14501_17
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    Economics and Finance; Law - Academic;

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