incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

Judges become ambitious decision makers when they face appellate review. This paper applies a contract theoretic … implemented court accuracy and degrade the contract outcome. Our implications put into perspective the traditional function of … contract output. …

We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort … a transfer depending on whether a player has a valid contract or not. We show that the different systems differ only … with respect to the contract length if the contract which maximizes the expected joint surplus of the initial club and the …

permit parties to enter into nonmodifiable contracts, which is not possible under current contract law. This paper … rational and symmetrically informed parties have deliberately signed such a contract. The impossibility to prevent …

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

In line with the widely applied principle of just deserts, we assume that the severity of the penalty on a contract …

previously thought. Indeed, modeling “expectation damages” close to legal practice, we show that the default remedy of contract …

sicherstellen können. Der optimale Vertrag ist dabei auf die Fähigkeit der Gerichte zu konditionieren, Vertragsbruch oder …