{"id":27050,"date":"2017-01-09T13:45:23","date_gmt":"2017-01-09T13:45:23","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/lawandeconomics\/bibliographies\/4610-penalty-clauses-liquidated-damages.html"},"modified":"2017-01-09T13:45:23","modified_gmt":"2017-01-09T13:45:23","slug":"4610-penalty-clauses-liquidated-damages","status":"publish","type":"law_economics","link":"https:\/\/reference.findlaw.com\/lawandeconomics\/bibliographies\/4610-penalty-clauses-liquidated-damages.html","title":{"rendered":"Encyclopedia of Law &#038; Economics \u2013 4610 Penalty Clauses. Liquidated Damages"},"content":{"rendered":"<div>\n<ul class=\"links\">\n<li>Anderson, James E. and Gollop, Frank M. (1986), &#8216;The Effect of Warranty Provisions on Used Car Prices&#8217;, in Ippolito, Pauline M. and Scheffman, David T. (eds.), <em>Empirical Approaches to Consumer Protection Econom <\/em>, Washington, Federal Trade Commission, 67-102. <\/li>\n<li>Centner, Terence J. (1985), &#8216;Are FmHA Loans Entitlements Protected by the Due Process Clause?&#8217;, <b>34 <\/b> <em>Drake Law Review <\/em>, 389-427. <\/li>\n<li>Centner, Terence J. and White, F.C. (1987), &#8216;FmHA&#8217;s Efforts Against Delinquent Borrowers: Property Interests and Transaction Costs.&#8217;, <b>12 <\/b> <em>Western Journal of Agricultural Economics <\/em>, 35-41. <\/li>\n<li>Chung, Tai-Yeong (1992), &#8216;On the Social Optimality of Liquidated Damage Clauses: An Economic Analysis&#8217;, <b>8 <\/b> <em>Journal of Law, Economics, and Organization <\/em>, 280-305. <\/li>\n<li>Clarkson, Kenneth W., Miller, Roger Leroy and Muris, Timothy J. (1978), &#8216;Liquidated Damages v. Penalties: Sense or Nonsense?&#8217;, <em>Wisconsin Law Review <\/em>, 351-390. Reprinted in Goldberg, Victor P. (ed.), Readings in the Economics of Contract Law, Cambridge, Cambridge University Press, 1989, 152-160. <\/li>\n<li>Coopersmith, Jeffrey B. (1990), &#8216;Comment: Refocusing Liquidated Damages Law for Real Estate Contracts: Returning to the Historical Roots of the Penalty Doctrine&#8217;, <b>39 <\/b> <em>Emory Law Journal <\/em>, 267 ff. <\/li>\n<li>De Alessi, Louis and Staaf, Robert J. (1989), &#8216;Subjective Value in Contract Law&#8217;, <b>145 <\/b> <em>Journal of Institutional and Theoretical Economics <\/em>, 561-577. <\/li>\n<li>Goetz, Charles J. and Scott, Robert E. (1977), &#8216;Liquidated Damages, Penalties and the Just Compensation Principle: Some Notes on an Enforcement Model and a Theory of Efficient Breach&#8217;, <b>77 <\/b> <em>Columbia Law Review <\/em>, 554-594. Reprinted in Kronman, Anthony T. and Posner, Richard A. (eds.), The Economics of Contract Law, Boston, Little Brown,1979, 194-207. <\/li>\n<li>Gross, Leonard E. (1986), &#8216;Contractual Limitations on Attorney Malpractice Liability: An Economic Approach&#8217;, <b>75 <\/b> <em>Kentucky Law Journal <\/em>, 793 ff. <\/li>\n<li>Harris, Frederick H. (1987), &#8216;Security and Penalty in Debt Contracts: Comment&#8217;, <b>143 <\/b> <em>Journal of Institutional and Theoretical Economics <\/em>, 168-174. <\/li>\n<li>Hess, James D. and Knoeber, Charles R. (1987), &#8216;Security and Penalty in Debt Contracts&#8217;, <b>143 <\/b> <em>Journal of Institutional and Theoretical Economics <\/em>, 149-167. <\/li>\n<li>Jarrell, Gregg A. and Peltzman, Sam (1985), &#8216;The Impact of Product Recalls on the Wealth of Sellers&#8217;, <b>93 <\/b> <em>Journal of Political Economy <\/em>, 512-536. Reprinted in Ippolito, Pauline M. and Scheffman, David T. (eds.), Empirical Approaches to Consumer Protection Economics, Washington (DC), Federal Trade Commission, 377-409. <\/li>\n<li>Kahan, Marcel and Bruce Tuckman (1996), &#8216;Private versus Public Lending: Evidence from Covenants&#8217;, in Finnerty, John D. and Martin, S. Fridson (eds.), <em>The Yearbook of Fixed Income Investing 1995 <\/em>, 253-274. <\/li>\n<li>Kaplan, Philipp R. (1977), &#8216;A Critique of the Penalty Limitation on Liquidated Damages&#8217;, <b>50 <\/b> <em>Southern California Law Review <\/em>, 1055-1090. <\/li>\n<li>Koller, Ingo (1981), &#8216;Die Verteilung des Scheckf\u008alschungsrisikos zwischen Kunde und Bank (The Division of the False Cheque Risk Between Client and Bank)&#8217;, <em>Neue Juristische Wochenschrift <\/em>, 2433 ff. <\/li>\n<li>Kornhauser, Lewis A. (1983), &#8216;Reliance, Reputation, and Breach of Contract&#8217;, <b>27 <\/b> <em>Journal of Law and Economics <\/em>, 691-706. <\/li>\n<li>K\u009atz, Hein (1983), &#8216;Haftungsausschluss der Chemischreiniger (Exemption Clauses in Cleaning Contracts, Legal Validity and Economic Efficiency)&#8217;, in Walz, W. Rainer and Rascher-Friesenhausen, Hein (eds.), <em>Sozialwissenschaften im Zivilrecht: F\u008alle und L\u009asungen in Ausbild und Pr\u009ffung <\/em>, Neuwied und Darmstadt, Luchterhand, 76-88. <\/li>\n<\/ul>\n<\/div>\n<div data-readmore=\"true\">\n<ul class=\"links\">\n<li>K\u009atz, Hein (1983), &#8216;Haftungsausschlussklauseln, Eine juristisch-\u009akonomische Analyse (Exemption Clauses, a Legal- Economic Analysis)&#8217;, <em>25 Jahre Karlsruher Forum. Beiheft zu Versicherungsrecht <\/em>, 145-152. <\/li>\n<li>K\u009atz, Hein (1989), &#8216;Zur Effizienz von Haftungsausschlu klauseln (On the Efficiency of Exemption Clauses)&#8217;, in Ott, Claus and Sch\u008afer, Hans-Bernd (eds.), <em>Allekationseffizienz in der Rechtsordnung <\/em>, Berlin, Springer, 189-200. <\/li>\n<li>Langenfeld, James (1986), &#8216;The Effect of Warranty Provisions on Used Car Prices: Comments&#8217;, in Ippolito, Pauline M. and Scheffman, David T. (eds.), <em>Empirical Approaches to Consumer Protection Econom <\/em>, Washington, Federal Trade Commission, 105-107. <\/li>\n<li>Masten, Scott E. and Snyder, Edward A. (1989), &#8216;The Design and Duration of Contracts: Strategic and Efficiency Considera tions&#8217;, <b>52(1) <\/b> <em>Law and Contemporary Problems <\/em>, 63-85. <\/li>\n<li>Mattei, Ugo (1995), &#8216;The Comparative Law and Economics of Penalty Clauses&#8217;, <b>43 <\/b> <em>American Journal of Law and Economics <\/em>, 427-445. <\/li>\n<li>Milner, Alan (1979), &#8216;Liquidated Damages: An Empirical Study in the Travel Industry&#8217;, <b>42 <\/b> <em>Modern Law Review <\/em>, 508-532. <\/li>\n<li>Muris, Timothy J. (1981), &#8216;Opportunistic Behaviour and the Law of Contracts&#8217;, <b>65 <\/b> <em>Minnesota Law Review <\/em>, 521-590. <\/li>\n<li>Nagel, Bernhard (1991), &#8216;Kommentar (Comment On Wehrt, Die Qualit\u008atshaftung des Verk\u008auf)&#8217;, in Ott, Claus and Sch\u008afer, Hans-Bernd (eds.), <em>\u0085konomische Probleme des Zivilrechts <\/em>, Berlin, Springer, 260-264. <\/li>\n<li>Polinsky, A. Mitchell (1983), &#8216;Risk Sharing through Breach of Contract Remedies&#8217;, <b>12 <\/b> <em>Journal of Legal Studies <\/em>, 427-444. <\/li>\n<li>Rea, Samuel A., Jr. (1984), &#8216;Efficiency Implications of Penalties and Liquidated Damages&#8217;, <b>13 <\/b> <em>Journal of Legal Studies <\/em>, 147-167. <\/li>\n<li>Rea, Samuel A., Jr. (1984), &#8216;Arm-breaking, Consumer Credit, and Personal Bankruptcy&#8217;, <em>Economic Inquiry <\/em>, 188-208. <\/li>\n<li>Rea, Samuel A., Jr. (1988), &#8216;Liquidated Damages and Penalties: An Economic Perspective&#8217;, in Knapp, Charles L. (ed.), <em>Commercial Damages <\/em>, New York, Matthew Bender, 99-108. <\/li>\n<li>Rubin, Paul H. (1981), &#8216;Unenforceable Contracts: Penalty Clauses and Specific Performance&#8217;, <b>10 <\/b> <em>Journal of Legal Studies <\/em>, 237-247. <\/li>\n<li>Sappington, David E.M. (1983), &#8216;Limited Liability Contracts between Principal and Agent&#8217;, <b>29 <\/b> <em>Journal of Economic Theory <\/em>, 1-21. <\/li>\n<li>Schumann, Jochen (1987), &#8216;Security and Penalty in Debt Contracts: Comment&#8217;, <b>143 <\/b> <em>Journal of Institutional and Theoretical Economics <\/em>, 175-179. <\/li>\n<li>Seidl, Christian (1989), &#8216;Kommentar (Comment On K\u009atz, Zur Effizienz von Haftungsausschl)&#8217;, in Ott, Claus and Sch\u008afer, Hans-Bernd (eds.), <em>Allekationseffizienz in der Rechtsordnung <\/em>, Berlin, Springer, 201-207. <\/li>\n<li>Spier, Kathryn E. and Michael Whinston (1995), &#8216;On the Efficiency of Privately Stipulated Damages for Breach of Contract: Entry Barriers, Reliance, an Renegotiation&#8217;, <b>26 (2) <\/b> <em>Rand Journal of Economics <\/em>, 180-202. <\/li>\n<li>Spier, Kathryn E. and Whinston, Michael D. (1995), &#8216;On the Efficiency of Privately Stipulated Damages for Breach of Contract: Entry Barriers, Reliance and Renegotiation&#8217;, <b>26 <\/b> <em>Rand Journal of Economics <\/em>, 180-202. <\/li>\n<li>Stake, Jeffrey E. (1991), &#8216;Status and Incentive Aspects of Judicial Decisions&#8217;, <b>79 <\/b> <em>Georgetown Law Journal <\/em>, 1447-1497. <\/li>\n<li>Stole, Lars A. (1992), &#8216;The Economics of Liquidated Damage Clauses in Contractual Environments with Private Information&#8217;, <b>8 <\/b> <em>Journal of Law, Economics, and Organization <\/em>, 582-606. <\/li>\n<li>Thorpe, Jeremy (1994), &#8216;Economist&#8217;s Divided: Different Perceptions of Contract&#8217;s Penalty Doctrine&#8217;, <b>6(2) <\/b> <em>Bond Law Review <\/em>, 189 ff. <\/li>\n<li>Warren, Elizabeth (1983), &#8216;Formal and Operative Rules Under Common Law and Code&#8217;, <b>32 <\/b> <em>UCLA Law Review <\/em>, 898 ff. <\/li>\n<li>X (1978), &#8216;Note: Liquidated Damages and Penalties Under the Uniform Commercial Code and Common Law: An Economic Analysis of Contract Damages&#8217;, <b>72 <\/b> <em>Northwestern University Law Review <\/em>, 1055-1094. <\/li>\n<\/ul>\n<\/div>\n","protected":false},"parent":26944,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":false,"_modified_date":"","_cloudinary_featured_overwrite":false},"class_list":["post-27050","law_economics","type-law_economics","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/reference.findlaw.com\/legal-api\/wp-json\/wp\/v2\/law_economics\/27050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reference.findlaw.com\/legal-api\/wp-json\/wp\/v2\/law_economics"}],"about":[{"href":"https:\/\/reference.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/law_economics"}],"up":[{"embeddable":true,"href":"https:\/\/reference.findlaw.com\/legal-api\/wp-json\/wp\/v2\/law_economics\/26944"}],"wp:attachment":[{"href":"https:\/\/reference.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=27050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}