Dynamic Contract Breach - Fan Zhang,U. S. Department of Justice Antitrust Di
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This paper studies the design of optimal, privately-stipulated damages when breach of contract is possible at more than one point in time. It offers an intuitive explanation for why cancellation fees for some services (e.g., hotel reservations) increase as the time for performance approaches. If the seller makes investments over time to improve her value from trade, she will protect the value of her investm ... Full description
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Description
More Information
| Author | Fan Zhang, U. S. Department of Justice Antitrust Di |
|---|---|
| Publisher | BiblioLife |
| Release year | 2013 |
| Cover type | Softcover |
| EAN | 9781289060985 |