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Auditor independence, incomplete contracts and the role of legal liability
Acemoglu, Daron; Gietzmann, Miles B. - 1994
Persistent link: https://www.econbiz.de/10000882911
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Property rules, liability rules and externalities
Nicita, Antonio; Rizzolli, Matteo - In: Journal of public finance and public choice : JPFPC 24 (2006) 2/3, pp. 99-125
Persistent link: https://www.econbiz.de/10003710281
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Ex ante versus ex post expectation damages
Liu, Zhiyong; Avraham, Ronen - In: International review of law and economics 32 (2012) 4, pp. 339-355
Persistent link: https://www.econbiz.de/10009691211
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Expectation damages and bilateral cooperative investments
Gollery, Daniel - 2012
We examine the efficiency of the standard breach remedy expectation damages in a setting of bilateral cooperative investment by a buyer and a seller. Contracts may specify a required quality level and an upper bound to the cost of production. We find that it is optimal to write an augmented...
Persistent link: https://www.econbiz.de/10009671789
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Investment incentives under asymmetric information and incomplete contracts
Schmitz, Patrick W. - 1999 - Als Ms. gedr.
Persistent link: https://www.econbiz.de/10001421543
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Ex Ante versus Ex Post Expectation Damages
Liu, Zhiyong (John) - 2015
What information should courts utilize when assessing contract damages? Should they award damages that were rationally foreseeable at the ex ante stage (ex ante expected damages)? Or should they award damages at the ex post level, incorporating new information revealed after contracting (ex post...
Persistent link: https://www.econbiz.de/10013039212
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Limited liability and corporate efficiency
Asai, Kentaro - In: International review of law and economics 62 (2020)
Persistent link: https://www.econbiz.de/10012512309
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Incomplete Contracts, Limited Liability, and the Optimality of Joint Ownership
Schmitz, Patrick W. - 2019
The property rights approach to the theory of the firm is the most prominent application of the incomplete contracting … wealth-constrained and protected by limited liability. It turns out that joint ownership can be optimal, since it avoids … wasteful rent-seeking activities when limited liability rents are necessary to induce high effort. Our results are in line with …
Persistent link: https://www.econbiz.de/10012864429
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Ökonomische Analyse der Governance Structure von Prüfungsgesellschaften : eine etwas andere Stellungnahme zum Discussion Memorandum (DM 99-2) des Independence Standard Board
Hachmeister, Dirk - In: Theorie und Praxis der Wirtschaftsprüfung III : …, (pp. 133-159). 2002
Persistent link: https://www.econbiz.de/10001672259