Contract theory and mortgage foreclosure moratoria

被引:8
作者
Jaffe, AJ
Sharp, JM
机构
[1] Smeal College of Business Administration, Pennsylvania State University, University Park
关键词
economics of contracts; contract theory; mortgages; mortgage foreclosure moratoria;
D O I
10.1007/BF00127767
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Contracts are an essential institution in capitalist economies. Contract law provides a long and interesting constitutional history. At the same time, mortgage foreclosure moratoria is shown to be an occasional and repeated phenomenon. This paper explores the legal and economic aspects of this issue via a survey of the schools of thought on contracts. The paper also speculates about the nature of mortgage contracts and the economics of moratoria statutes.
引用
收藏
页码:77 / 96
页数:20
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