SAFETY VALVE MODEL OF EQUITY AS ANTI-OPPORTUNISM by Kenneth Ayotte ( 9781009217941 )

Item Details

Title:

SAFETY VALVE MODEL OF EQUITY AS ANTI-OPPORTUNISM

By:

Kenneth Ayotte

Format:

Paperback / softback

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£18.00

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£16.20

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ISBN 10:

1009217941

ISBN 13:

9781009217941

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

31 October, 2023

Series:

Elements in Law, Economics and Politics

Pages:

Description:

This Element presents a simple contracting model that captures the role of equity as a safety valve, and shows how it can solve problems posed by opportunists. It also shows that it is often preferable to limit equity, reserving it for use only against those who appear sufficiently likely to be opportunists.

Illustrations:

Worked examples or Exercises

Returns:

Returnable

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