Schmidtchen, Dieter; Kirstein, Roland - Forschungsstelle zur ökonomischen Analyse des Rechts, … - 1996
Mutually beneficial agreements might fail if the parties fear contractual opportunism. Litigation is supposed to …, a party might bring suit. We show that with positive judicial detection skill, litigation fees can be designed to deter … most of the economic literature on litigation, bilateral contractual compliance cannot be induced. We apply our results to …