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contract framing effect in either condition: effort provision is statistically indistinguishable under bonus and penalty …
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The majority of American jurisdictions do not allow punitive damages for breach of contract unless the breach … a different rule — one allowing punitive damages for any willful breach of contract.Willful breaches fall into two …
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It is common to have a penalty clause inserted in a football-related contract (e.g. a player-transfer contract) in case …
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Contract Law, PECL. Also, the different approaches found in these legal systems are scrutinised with regards to their practical …
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This paper develops a positive model of informal contracting in which rewards and punishments are not determined by an ex ante optimal plan but instead express the ex post moral sentiments of the arbitrating party. We consider a subjective performance evaluation problem in which a principal can...
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