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those items are undescribable ex ante. In presence of this `quality-choice problem', no initial contract may induce …
Persistent link: https://www.econbiz.de/10011539057
It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la...
Persistent link: https://www.econbiz.de/10011318608
It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la...
Persistent link: https://www.econbiz.de/10001460791
Persistent link: https://www.econbiz.de/10001542734
If a seller delivers a good non-conforming to contract, European and US warranty law allows consumers to choose between … use non-conformity as a pretext for getting rid of a contract he no longer wants. We show that this possibility of …
Persistent link: https://www.econbiz.de/10010365843
Persistent link: https://www.econbiz.de/10003338133
This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a …
Persistent link: https://www.econbiz.de/10003847154
Persistent link: https://www.econbiz.de/10009158514
This article applies the theory of relational contracts to make precise the idea that because households are engaged in …
Persistent link: https://www.econbiz.de/10009158585
Persistent link: https://www.econbiz.de/10009241544