haku: @author Watson, J. / yhteensä: 21
viite: 3 / 21
| Tekijä: | Schwartz, A. Watson, J. |
| Otsikko: | The law and economics of costly contracting |
| Lehti: | Journal of law, economics and organization
2004 : APR, VOL. 20:1, p. 2-31 |
| Asiasana: | Contracts Costs Law |
| Kieli: | eng |
| Tiivistelmä: | Contracting costs are usually assumed either to be high enough to preclude certain forms of contracting or low enough to permit any contract to be written. Similarly renegotiations are usually treated as either costless or prohibitively costly. This paper addresses the middle ground between these extremes, in which the costs of contracting and renegotiation can take intermediate values and the contracting parties can themselves influence these costs. The context for the analysis is the canonical problem of inducing efficient relation-specific investment and efficient ex post trade. |
SCIMA