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The Economics of Contracts-Theories and Applications

Chia sẻ: Nguyen Bao Ngoc | Ngày: | Loại File: PDF | Số trang:498

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The Economics of Contracts-Theories and Applications

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To an economist, a contract is an agreement under which two parties make reciprocal commitments in terms of their behavior - a bilateral coordination arrangement. Of course, this formulation touches on the legal concept of the contract (a meeting of minds creating effects in law), but also transcends it.

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