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The legal foundation of the monetary system is the law of legal tender. The 'legal tender' concept is used in models to describe almost anything except for what it really means in actual laws. Such errors prevent an accurate evaluation of the importance of this legal status. This note explains...
Persistent link: https://www.econbiz.de/10010336028
If a seller delivers a good non-conforming to the contract, Article 2 of the UCC as well as European warranty law … a contract he no longer wants. We show that the possibility of opportunistic termination might actually have positive ef …
Persistent link: https://www.econbiz.de/10010263188
PPL damages vis-à-vis expected damages under existing contract law. This study clarifies the conditions under which PPLD …
Persistent link: https://www.econbiz.de/10010277255
in wage disputes that were settled by final-offer arbitration in New Jersey. The paper also reports briefly on similar … agreeing not to hire lawyers is cheaper and does not appear to alter arbitration outcomes. …
Persistent link: https://www.econbiz.de/10010293160
A series of experiments compares bargaining behavior under three different settings: no arbitration, conventional and … final offer arbitration. Under no arbitration disputes with zero payoffs were around 10%, while the pie was equally split in … less than half of the cases. Under conventional arbitration - where the arbitrator is free in choosing his award - every …
Persistent link: https://www.econbiz.de/10010297233
This paper deals with the effects that intermediation has on strategic behaviour in negotiations. To this end, we use the tools of game theory to analyse how different institutional settings can provide specific strategic incentives and thereby condition the outcome of negotiations. We...
Persistent link: https://www.econbiz.de/10010262705
(Australian Alliancing Contract) findet die terminliche Komponente Eingang in die gemeinsamen Entscheidungen des Projekt-Teams bei … of a building usually takes several years. At the time of signing the contract, it is often not yet clear what exactly … securing claims, rather than seeking solutions. By looking across national borders at other successful contract models, this …
Persistent link: https://www.econbiz.de/10014565931
Persistent link: https://www.econbiz.de/10011695883
Privatrechts werden durch völkerrechtlichen Vertrag unmittelbar Rechte zugewiesen und es wird damit zum partiellen …
Persistent link: https://www.econbiz.de/10010298987
changed dramatically since the Second World War. Under the 1947 General Agreement on Tariffs and Trade (GATT) regime … transforming the GATT into the World Trade Organization (WTO), which has more effective means for dispute resolution and includes a …
Persistent link: https://www.econbiz.de/10010299203