Bebchuk, L.; Ben-Shahar, O. - Foerder Institute for Economic Research, Eitan Berglas … - 1996
During contarctual negotiations, but before entering a contarct, parties might make reliance expenditures. Such expenditures would increase the surplus should a contarct be made, but would wasted if not. This paper analyses parties' decisions to invest in pre-contractual reliance under...