Under common law, the standard remedy for breach of contract is expectation damages. Under continental law, the …

Under common law, the standard remedy for breach of contract is expectation damages. Under continental law, the …

-unit price is in general not able to achieve the first best when the breach remedy is expectation damages. We show that this …

difficult task to award expectation damages corrrectly to a party with private information who sufffers from breach of contract …. While a revelation mechanism would exist that leads to the first best solution, assessing expectation damages correctly … expectation damages falls short of what more general mechanisms could achieve. …

difficult task to award expectation damages corrrectly to a party with private information who sufffers from breach of contract …. While a revelation mechanism would exist that leads to the first best solution, assessing expectation damages correctly … expectation damages falls short of what more general mechanisms could achieve. …

difficult task to award expectation damages corrrectly to a party with private information who sufffers from breach of contract …. While a revelation mechanism would exist that leads to the first best solution, assessing expectation damages correctly … expectation damages falls short of what more general mechanisms could achieve. …

Among default remedies for breach of contract, expectation damages are believed superior to property rules such as … awards for partial breach make specific performance behave more like expectation damages, although to a lesser degree. …