2013 Fiscal Year Final Research Report
Risk, Information and Incentive in Market-Oriented Contract Law Theory
| Project/Area Number |
22530081
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Civil law
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| Research Institution | Kobe University |
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Principal Investigator |
YAMAMOTO KENJI 神戸大学, 法学(政治学)研究科(研究院), 教授 (50222378)
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| Project Period (FY) |
2010-04-01 – 2014-03-31
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| Keywords | 契約法 / 瑕疵担保責任 / 契約責任 / 市場法 / 情報の非対称性 / リスクシェアリング / シグナリング / インセンティブ |
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| Research Abstract |
This research explicates functions of warranty law through the perspective of "market oriented contract law". Warranty law has following three main functions in markets. 1.Risk-sharing functions. 2. Signalling functions. 3. Incentive functions in double-sided moral-hazard situations. These new economic perspectives are fundamentally important to interpret warranty rules with its impact on market transactions.
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