D'Agostino, Elena; Lisciandra, Maurizio - Volkswirtschaftliche Fakultät, … - 2012
In this paper we provide a simple model examining the choice between enforceable and non-enforceable contracts when, on the one hand, drafting an enforceable contract is costly and, on the other hand, fulfilling a non-enforceable contract is left to parties’ fairness. According to the previous...