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Changes in Information and Optimal Debt Contracts. The Sea Loan

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  • Gonzalez de Lara, Y

Abstract

In this paper the relevance of public and symmetric information on the enforceability of contracts will be analyze. In particular, it will examine an historical contract, the sea loan, which was used to finance long-distance maritime commerce from the times of ancient Greece to those of Medieval Ages.

Suggested Citation

  • Gonzalez de Lara, Y, 1997. "Changes in Information and Optimal Debt Contracts. The Sea Loan," Economics Working Papers eco97/06, European University Institute.
    • Handle: RePEc:eui:euiwps:eco97/06
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    More about this item

    Keywords

    INFORMATION ; CONTRACTS ; DEBT ; DECISION MAKING ; ECONOMIC DEVELOPMENT;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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