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| | Default rules. |
 | | This idea was captured, in the first version of Posner's handbook, both by a rather ambiguos notation about the first-ranking goal of contract law, the maintenance of appropriate incentives, and by the more appealing suggestion that the relevant discipline aims to compress transaction costs. |
 | | Beyond the obvious recognition that parties should be deterred from resorting to opportunistic behavior, such as reneging the promise after receiving consideration, it was apparent that even in a civil law environment, the pertinent rules are shaped and made operative through their application by the courts. |
 | | Rules that do count especially for those who still have the opportunity to mold their initiatives, either discounting the impact of those rules, or contracting around them, when they are perceived as impalatable. |
| www.jus.unitn.it /cardozo/review/Contract/Pardolesi-1995/pardo2.html (418 words) |
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