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We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides...
Persistent link: https://www.econbiz.de/10012771125
We study a contracting model with unforeseen contingencies in which the court is an active player. Ex ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex post, the court observes whether an unforeseen contingency occurred and decides...
Persistent link: https://www.econbiz.de/10012716281
We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides...
Persistent link: https://www.econbiz.de/10014035961
Persistent link: https://www.econbiz.de/10013423437
Different markets are cleared by different types of prices—seller-specific prices that are uniform across buyers in … some markets, and personalized prices tailored to the buyer in others. We examine a setting in which buyers and sellers …
Persistent link: https://www.econbiz.de/10011599491
Different markets are cleared by different types of prices - seller-specific prices that are uniform across buyers in … some markets, and personalized prices tailored to the buyer in others. We examine a setting in which buyers and sellers …
Persistent link: https://www.econbiz.de/10013135445