Contractual Relationship under the Shadow of Litigation

Project Details


This paper explores the relationship between different damage measures on the contractual terms. Damagemeasures being examined, includes expectation damage and Reliance damage. Under reliance damagemeasure, the effective contractual space is limited and there is no way to induce a more efficient outcome.Under expectation damage measure, the effective contractual space is also limited, but by manipulatingcontractual terms, more efficient outcome can be obtained.
Effective start/end date1/08/1731/07/18


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