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opportunism, remains the principle underlying all of contract law and company law." Ce texte explore l'emploi de l …
Persistent link: https://www.econbiz.de/10009395941
reasonably well-developed economic literature. Reciprocal gain, the founding concept of contract and of extensions such as the … of contract law. Yet human nature being what it is, individuals may be tempted by opportunistic acts and their potential …
Persistent link: https://www.econbiz.de/10009395942
I examine the case where fulfillment of a contractual commitment is only imperfectly verifiable and ask whether the court should then "tell the truth"" regarding the action in dispute. I show that truth seeking does not maximize the expected surplus from contractual relationships. From the...
Persistent link: https://www.econbiz.de/10005100649
In this paper, we consider a knowledge accumulation problem within an organization. We depart from the human capital theory initiated by Becker (1962, 1964) and consider an organization that cannot prevent the worker from quitting and using the knowledge outside the organization. We study how...
Persistent link: https://www.econbiz.de/10011183768