{"product_id":"9781009001397","title":"Can Blockchain Solve the Hold-up Problem in Contracts? (Elements in Law, Economics and Politics)","description":"\u003cp\u003eConventional contract technologies to ensure commitment—liquidated damages—are disfavored by courts and themselves subject to renegotiation. Smart contracts written on blockchain ledgers offer a solution. We explain the basic economics and legal relevance of these technologies, and we argue that they can implement liquidated damages without courts.\u003c\/p\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":48699307852011,"sku":"00000_00000_00000_00000","price":45.78,"currency_code":"SGD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0758\/4484\/5803\/files\/9781009001397-1.jpg?v=1781647276","url":"https:\/\/kinokuniya.com.sg\/ja\/products\/9781009001397","provider":"Books Kinokuniya Singapore","version":"1.0","type":"link"}