The Remedies Game, Sibiu, Romania, 2016
Legal obligations are not always fulfilled. This is when the obligation matters in court. Which remedy should courts grant? In economic perspective, the prospect of the remedy constitutes a game. By specifying the remedy, the legal order gives the parties incentives for action and investment choices. This also holds for potential tortfeasors, and even for government deciding to take a citizen’s property. The papers contributed to the symposium address these issues both theoretically and empirically.