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American Law and Economics Review V6 N1 2004 (154-184)
American Law and Economics Review Vol. 6 No. 1, © American Law and Economics Association 2004; all rights reserved.

Delivering Legality on the Internet: Developing Principles for the Private Provision of Commercial Law

Gillian K. Hadfield

University of Southern California Law School

Send correspondence to: Gillian K. Hadfield, University of Southern California Law School, Los Angeles, CA 90089; Fax: (213) 740-5502; E-mail: ghadfield{at}law.usc.edu.

The development of commercial trade on the Internet has generated a demand for commitment services not met by publicly provided law. In this environment, privately provided means of delivering legality to support trade have emerged, supplying "trust" and "assurance" services through digital certificates and digital seal programs. I survey these developments and from them generate a set of principles to guide economic analysis of privately provided commercial law.


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