AbstractDuring contarctual negotiations, but before entering a contarct, parties might make reliance expenditures. Such expenditures would increase the surplus should a contarct be made, but would wasted if not. This paper analyses parties' decisions to invest in pre-contractual reliance under alternative legal regime.
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Bibliographic InfoPaper provided by Tel Aviv in its series Papers with number 31-96.
Length: 42 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Web page: http://econ.tau.ac.il/research/foerder.asp
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CONTRACTS; DECISION MAKING;
Other versions of this item:
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
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- A. Mitchell Polinsky & Steven Shavell, 2005. "Economic Analysis of Law," Discussion Papers 05-005, Stanford Institute for Economic Policy Research.
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