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This study investigates contracting mechanisms in situations of opportunistic disputes between organizations. We specifically explore the relationships between the formal versus informal nature of opportunism and the formal versus informal nature of contractual governance. We use a unique data...
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The Tort system and especially Product Liability is a socially costly tool to provide manufacturers with incentives for … to Product Liability. Our paper departs from the sometimes overlooked fact that market reputation is not for free, but … Liability positively affects the functioning of manufacturer's market reputation by reducing its costs. Thus, to an important …
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This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
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