Sloof, Randolph; Leuven, Edwin; Oosterbeek, Hessel; … - 2003
common remedies protect too well and induce over investment, either though complete insurance against potential separation or … the possibility that breach is prevented by increasing the damage payment due through the investment made. In this article … predictions, we find that over investment does not occur under liquidated damages. In the case of expectation damages, the full …