About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

73 Calif. L. Rev. 1432 (1985)
Damages for Breach of Contract

handle is hein.journals/calr73 and id is 1446 raw text is: California Law Review VOL. 73 OCTOBER 1985 No. 5 Copyright © 1985 by California Law Review, Inc. Damages for Breach of Contract Robert Cooter and Melvin Aron Eisenberg TABLE OF CONTENTS PAGE I. THE MEANING OF INJURY AND COMPENSATION ........... 1435 II. BASIC DAMAGE FORMULAS ............................... 1438 A. Substitute-Price ....................................... 1439 B. Lost-Surplus .......................................... 1439 C. Opportunity-Cost ...................................... 1440 D. Out-of-Pocket-Cost .................................... 1442 E. Diminished-Value ..................................... 1442 F Add-Ons and Offsets .................................. 1442 III. COMPENSATORY DAMAGES AND MARKET STRUCTURE .... 1444 A. Perfectly Competitive Markets ......................... 1445 L The Traditional Model of Business Conduct in Perfectly Competitive Markets ..................... 1445 2. The Statistical-Planning Model of Business Conduct in Perfectly Competitive Markets ................... 1449 B. Imperfectly Competitive Markets ....................... 1451 1. The Traditional Model of Business Conduct in Imperfectly Competitive Markets ................... 1451 2. The Fishing Model of Business Conduct in Imperfectly Competitive Markets ................... 1455 IV. WHAT MEASURE OF DAMAGES SHOULD THE LAW PREFER? .................................................. 1459 A. The General Case ..................................... 1459 1. Performance ...................................... 1462 2. Precaution ........................................ 1464 3. Reliance .......................................... 1465 1432

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most