Many solutions to informational problems emerge spontaneously as contractual innovations. Is there a role for the formal

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Many solutions to informational problems emerge spontaneously as contractual innovations. Is there a role for the formal institution of law with respect to these contractual innovations, and if so, why?

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Development Economics

ISBN: 9780321464484

1st Edition

Authors: Gérard Roland

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Question Posted: Nov 24, 2023 10:08 PM

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Many solutions to informational problems emerge spontaneously as contractual innovations. Is there a role for the formal

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Yes there is a crucial role for the formal institution of law in relation to contractual innovations and informational problems While spontaneous contractual innovations can address specific issues th...View the full answer

Development Economics

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