Contract economics
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economics contract
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Economics of. Contract Law. Agency Game I. Give me $100 and I'll turn it into $200 and share the gain with you. Do you trust me? No! Player 2 has DS to breach.Chapter 12: The Economics of Contract. I give you money, you give me an apple. No contract, no need for contract law. I hire you to build a house on property I ...
The theory of contracts grew out of the failure of the general equilibrium model to account for the strategic interactions among agents that arise from informational ...
Nov 22, 2013 - frequently used in behavioral contract theory, and formally illustrate some of ... psychology-and-economics work on classical contract-theoretic ...
1. Abstract: Law and economics has failed to produce plausible descriptive theories of contract doctrines. This paper documents these failures and suggests that ...
This course focuses on recent developments in contract theory. Topics include: advanced models of moral hazard, adverse selection, mechanism design and ...
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