This paper deals with the risk of opportunism – the usual risk in economic exchanges. The breach of contract is … sciences. Our discussion deals with the current knowledge of the ways societies are coping with the risk of opportunism … economics or economic sociology is a necessary and valuable ingredient for theories of contractual risk. Without our knowledge …

In a hand-coded sample of M&A contracts from 2007-08, risk allocation provisions exhibit wide variation. Earn-outs are … the least common means to allocate risk, indemnities are most common, followed by price adjustment clauses. Techniques for … dispersion correlate negatively with the use and extent of risk sharing. Target-owners retain risk more frequently, but not …