Background
Ayres, Ian was born on February 27, 1959 in Kansas City, Missouri, United States. Son of Marion Jordon and Karen (Koester) Ayres.
( How can a promise be a lie? Answer: when the promisor n...)
How can a promise be a lie? Answer: when the promisor never intended to perform the promise. Such incidences of promissory fraud are frequently litigated because they can result in punitive damages awards. And an insincere promisor can even be held criminally liable. Yet courts have provided little guidance about what the scope of liability should be or what proof should be required. This book—the first ever devoted to the analysis of promissory fraud—answers these questions. Filled with examples of insincere promising from the case law as well as from literature and popular culture, the book is an indispensable guide for those who practice or teach contract law. The authors explore what promises say from the perspectives of philosophy, economics, and the law. They identify four chief mistakes that courts make in promissory fraud cases. And they offer a theory for how courts and practitioners should handle promissory fraud cases.
http://www.amazon.com/gp/product/0300106750/?tag=2022091-20
( Spurred by the advances in option theory that have been...)
Spurred by the advances in option theory that have been remaking financial and economic scholarship over the past thirty years, a revolution is taking shape in the way legal scholars conceptualize property and the way it is protected by the law. Ian Ayres's Optional Law explores how option theory is overthrowing many accepted wisdoms and producing tangible new tools for courts in deciding cases. Ayres identifies flaws in the current system and shows how option theory can radically expand and improve the ways that lawmakers structure legal entitlements. An option-based system, Ayres shows, gives parties the option to purchase—or the option to sell—the relevant legal entitlement. Choosing to exercise a legal option forces decisionmakers to reveal information about their own valuation of the entitlement. And, as with auctions, entitlements in option-based law naturally flow to those who value them the most. Seeing legal entitlements through this lens suggests a variety of new entitlement structures from which lawmakers might choose. Optional Law provides a theory for determining which structure is likely to be most effective in harnessing parties' private information. Proposing a practical approach to the foundational question of how to allocate and protect legal rights, Optional Law will be applauded by legal scholars and professionals who continue to seek new and better ways of fostering both equitable and efficient legal rules.
http://www.amazon.com/gp/product/0226033465/?tag=2022091-20
Ayres, Ian was born on February 27, 1959 in Kansas City, Missouri, United States. Son of Marion Jordon and Karen (Koester) Ayres.
Bachelor, Yale University, 1981; Juris Doctor, Yale University, 1986; Doctor of Philosophy in Economics, Massachusetts Institute of Technology, 1988.
Law clerk to Honorary James K. Logan United States Court Appeals, 1986—1987. Research fellow America Bar Associate, 1987—1991. Assistant professor Northwestern University, Chicago, 1987-1990, associate professor, 1990—1991.
Visiting professor Yale University, New Haven, 1991, University Ill, 1997—1998. Guest scholar Brookings Institute, Washington, 1990-1991. Professor Stanford Law School, California, 1992-1994.
William K. Townsend professor Yale University Law School, New Haven, since 1994. Professor Yale School Management. Visiting professor University Virginia, Charlottesville, 1989-1990.
Research fellow American Bar. Foundation.
( Spurred by the advances in option theory that have been...)
( How can a promise be a lie? Answer: when the promisor n...)
Fellow: American Academy Arts & Sciences.