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The protection afforded to franchisees differs widely across the world. Nations with economically strong franchise sectors typically regulate the contract’s bargaining phase and post-formation. Responding to the European Parliament’s call for a review of regulations governing Europe’s...
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We examine the efficiency of the standard breach remedy expectation damages in a setting of bilateral cooperative investment by a buyer and a seller. Contracts may specify a required quality level and an upper bound to the cost of production. We find that it is optimal to write an augmented...
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possible intellectual influences on Becker's theory of marriage, compares Becker's research on marriage with that of some …This paper describes Gary Becker's theoretical models of marriage. At the micro-level, these are all rational choice … models. At the market level, Becker offers two major types of models: partial equilibrium models based on Price Theory as …
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