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Art 6:104 provides, first and foremost, that a contract is not unenforceable for lack of certainty if the parties do not ‘fix the price or the method of determiningit'. The provision is thus meant — as are the following Art 6:105 and 6:106 — to ‘save' contracts in cases in which there is...
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theory. The aim of this paper is to find a universal procedure which is optimal in terms of Mean Average Squared Error to …
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approaches in theory and practice: Theory is dominated by quantitative studies that measure the effects of individual factors … is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three … ambiguities between theory and practice and elucidate the role of marketing for auction prices. The result is a conceptual …
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We study the XVII century market for figurative paintings in Italy, analyzing original contracts between patrons and artists: this is one of the first manufacturing markets for which econometric evidence of the basic laws of economics can be found. Size of paintings, expected quality, type of...
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