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This paper uses the block‐booking film exhibition contracts that were the subject of Paramount to examine the role of … distributors to flexibly adjust contract terms ex post. The analysis illustrates that, rather than thinking of contracts as either …
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Court enforcement and private enforcement are not alternative contract enforcement mechanisms, but are used jointly by transactors to define the self-enforcing range of a contractual relationship. Within this framework contract terms economize on the limited amounts of private enforcement...
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