Contract theory and mortgage foreclosure moratoria

Austin J. Jaffe; Jeffery M. Sharp

doi:10.1007/BF00127767

Contract theory and mortgage foreclosure moratoria

Austin J. Jaffe, Jeffery M. Sharp

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

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.

Original language	English (US)
Pages (from-to)	77-96
Number of pages	20
Journal	Journal of Real Estate Finance and Economics
Volume	12
Issue number	1
DOIs	https://doi.org/10.1007/BF00127767
State	Published - 1996

All Science Journal Classification (ASJC) codes

Accounting
Finance
Economics and Econometrics
Urban Studies

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10.1007/BF00127767

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abstract = "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.",

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AB - 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.

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Contract theory and mortgage foreclosure moratoria

Abstract

All Science Journal Classification (ASJC) codes

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