Can Blockchain Solve the Hold-up Problem in Contracts?

Discover the innovative solutions presented in Can Blockchain Solve the Hold-up Problem in Contracts? by Richard Holden, published by Cambridge University Press in 2021. This insightful paperback, spanning 75 pages, delves into the limitations of traditional contract technologies, such as liquidated damages, which are often rejected by courts and prone to renegotiation.

Holden explores how smart contracts on blockchain ledgers can revolutionize the way we approach contractual commitments. By offering a comprehensive analysis of the economics and legal implications of these cutting-edge technologies, the book argues that smart contracts can effectively implement liquidated damages without the need for court intervention. Ideal for legal professionals, economists, and anyone interested in the future of contract law, this book is a must-read for understanding the intersection of technology and legal frameworks.