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The paper examines the role played by the parol evidence rule and integration when contracting parties are asymmetrically informed. The paper shows that by integrating an agreement, an uninformed party can better induce information disclosure from an informed party by penalizing non-disclosure...
Persistent link: https://www.econbiz.de/10014219095
The paper examines the equilibrium quality of mass market contract terms, such as those in end user license agreements, when consumers can read and search for a better set of terms. Firms compete over price and quality of the terms. They can also choose to disclose (speak) the terms to consumers...
Persistent link: https://www.econbiz.de/10014208740