Similar Search Results

Incomplete Contracts, Self-Investments, Asymmetric Information, Breach of Contract and the Legal Remedies

Bag, Sugata - 2008

In the early models of incomplete contract neither party used to invest in the subject matter of the contract; those … realize subsequent to a binding contract, a systematic analysis has been attempted to see - first, how the legal remedies can … role than that has been realized. Focus remains on the ex-ante design of the contract, which would serve as an implicit …

Persistent link: https://www.econbiz.de/10012723830

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 … damages are more efficient than ex post actual damages through a simple model of costly litigation for contract breach, where …

Persistent link: https://www.econbiz.de/10013039212

Two-Sided Informational Asymmetry, Bilateral Selfish Investment, Simple Incomplete Contract and the Legal Remedies

Bag, Sugata - 2010

In this paper, a setting of bilateral selfish reliance investments and post contractual two-sided asymmetric information is explored. Since the pioneering work of Rogerson (1992) and Hermalin-Katz (1993), it is by now well known that the comprehensive contracts can implement the first best even...

Persistent link: https://www.econbiz.de/10014204107