Allocation of fault in contract law

Keyphrases

• First-best Solution 100%
• Law of Contracts 100%
• World State 50%
• Incentivization 50%
• Tort Law 50%
• Private Information 50%
• Possible Mechanisms 50%
• Least Cost 50%
• Comparison Faults 50%
• Court Intervention 50%
• Strict Liability 50%
• Equal Split 50%
• Cost Avoidance 50%
• Physical Tasks 50%
• Efficient Contracting 50%

Social Sciences

• Courts 100%
• Contract Law 100%
• Tort Law 33%
• Private Information 33%
• Probability Theory 33%
• Cost Efficiency 33%