Konferenzbeitrag
Expectation Damages and Bilateral Cooperative Investments
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 Cadillac contract that sets one threshold such that it cannot be met with positive probability together with an extreme price. Then, one of the parties becomes a residual claimant of the trade relationship. The other threshold can be used to balance the incentives of the other party.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts - Session: Theoretical Law and Economics ; No. C05-V1
- Klassifikation
-
Wirtschaft
Contract Law
Game Theory and Bargaining Theory: General
Economics of Contract: Theory
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Göller, Daniel
- Ereignis
-
Veröffentlichung
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Göller, Daniel
Entstanden
- 2012
Ähnliche Objekte (12)
Expectation Damages, Divisible Contracts, and Bilateral Investment
Expectation Damages, Divisible Contracts, and Bilateral Investment
Reliance Investments, Expectation Damages and Hidden Information
Understanding Climate Damages: Consumption versus Investment
Understanding Climate Damages: Consumption versus Investment
Fines versus damages: Experimental evidence on care investments
Bilateral investment treaties and portfolio investment
Bilateral investment treaties and portfolio investment
Seasonality, reaction, expectation, cooperative and conflictual foreign policy behavior : a research note
First Cooperative Investment Trust Ltd. London
Cooperative Investments Induced by Contract Law
Expectation management
Expectation Damages, Divisible Contracts, and Bilateral Investment
Expectation Damages, Divisible Contracts, and Bilateral Investment
Reliance Investments, Expectation Damages and Hidden Information
Understanding Climate Damages: Consumption versus Investment
Understanding Climate Damages: Consumption versus Investment
Fines versus damages: Experimental evidence on care investments
Bilateral investment treaties and portfolio investment
Bilateral investment treaties and portfolio investment
Seasonality, reaction, expectation, cooperative and conflictual foreign policy behavior : a research note
First Cooperative Investment Trust Ltd. London
Cooperative Investments Induced by Contract Law
Expectation management
Expectation Damages, Divisible Contracts, and Bilateral Investment
Expectation Damages, Divisible Contracts, and Bilateral Investment
Reliance Investments, Expectation Damages and Hidden Information
Understanding Climate Damages: Consumption versus Investment
Understanding Climate Damages: Consumption versus Investment
Fines versus damages: Experimental evidence on care investments
Bilateral investment treaties and portfolio investment
Bilateral investment treaties and portfolio investment
Seasonality, reaction, expectation, cooperative and conflictual foreign policy behavior : a research note
First Cooperative Investment Trust Ltd. London
Cooperative Investments Induced by Contract Law