Ayres
Ian Ayres
Lawyer-economist of contracts, antidiscrimination, and empirical legal analysis
Official Source Note
Yale Law School identifies Ayres as the Oscar M. Ruebhausen Professor of Law and Professor of Public Health and describes them as both a lawyer and an economist. The profile lists law and economics, contracts, corporate finance, and quantitative methods among their teaching areas.
Ayres is included because the penalty-default framework developed with Robert Gertner remains a foundational account of how legal defaults can induce information revelation rather than merely approximate the term most parties would choose.
Source: Yale Law School
Relevance to the Archive
Ayres gives legal researchers a rigorous account of penalty defaults and a model for combining formal theory, field evidence, and institutional design.
Representative Contributions
- Filling Gaps in Incomplete Contracts (with Robert Gertner, 1989)
- Fair Driving (1991)
- Pervasive Prejudice? (with Peter Siegelman, 1995)
Works Included Here
1989
Advanced
Filling Gaps in Incomplete Contracts: An Economic Theory of Default Rules
Ian Ayres and Robert Gertner
Yale Law Journal