Cadillac Contracts and Up-Front Payments: Efficient Investment Under Expectation Damages
收藏NBER1994-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4915
下载链接
链接失效反馈官方服务：
资源简介：
This paper shows that up-front payments can play a crucial role in providing efficient investment incentives when contracts are incomplete. They can eliminate the overinvestment effect identified by Rogerson [1984] and Shavell [1980] when courts use an expectation damage remedy. This method extends
提供机构：
美国国家经济研究局
创建时间：
1994-11-01
