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Standard breach remedies, quality thresholds, and cooperative investments
Stremitzer, Alexander - 2008
When investments are nonverifiable, inducing cooperative investments with simple contracts may not be as difficult as previously thought. Indeed, modeling "expectation damages" close to legal practice, we show that the default remedy of contract law induces the first best. Yet, in order to lower...
Persistent link: https://www.econbiz.de/10003850654
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Standard breach remedies, quality thresholds, and cooperative investments
Stremitzer, Alexander - 2008
When investments are non-verifiable, inducing cooperative investments with simple contracts may not be as difficult as previously thought. Indeed, modeling 'expectation damages' close to legal practice, we show that the default remedy of contract law induces the first best. Yet, in order to...
Persistent link: https://www.econbiz.de/10010343923
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Standard Breach Remedies, Quality Thresholds, and Cooperative Investments
Stremitzer, Alexander - 2013
When investments are non-verifiable, inducing cooperative investments with simple contracts may not be as difficult as previously thought. Indeed, modeling “expectation damages” close to legal practice, we show that the commonly applied remedy of US contract law induces the first best. Yet,...
Persistent link: https://www.econbiz.de/10014216453
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Group formation and heterogeneity in collective action games
Maruta, Toshimasa (contributor); Okada, Akira (contributor) - 2005
Persistent link: https://www.econbiz.de/10003155143
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Incentives to invest in short-term vs. long-term contracts : evidence from a natural experiment
Dubois, Pierre; Vukina, Tomislav - 2009
Persistent link: https://www.econbiz.de/10003984634
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Expectation damages and bilateral cooperative investments
Gollery, Daniel - 2012
investment by a buyer and a seller. Contracts may specify a required quality level and an upper bound to the cost of production …
Persistent link: https://www.econbiz.de/10009671789
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Netzzugang, Wettbewerb und Investitionen
Inderst, Roman; Peitz, Martin - 2011
; Investition ; Innovation ; Verträge zwischen Netzbetreibern …
Persistent link: https://www.econbiz.de/10008938051
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Asset ownership and contractability of interaction
Roider, Andreas (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001825449
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Cross-racial envy and underinvestment in South Africa
Haile, Daniel (contributor); Sadrieh, Abdolkarim (contributor) - 2006
Trust games are employed to investigate the effect of heterogeneity in income and race on cooperation in South Africa …
Persistent link: https://www.econbiz.de/10003301019
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Coordination and Cooperation in Investment Timing with Externalities
Billette de Villemeur, Etienne - 2011
(cooperation) solutions, in a model of investment timing allowing for externalities in both flow profits and investment costs. For …. Optimal cooperation involves either monopoly or duopoly investment, the latter being either symmetric or asymmetric. Finally …&D input choices, if investment synergies are large, coordination and cooperation result in the same outcomes …
Persistent link: https://www.econbiz.de/10013118642