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Item Details
Title: SAFETY VALVE MODEL OF EQUITY AS ANTI-OPPORTUNISM
By: Kenneth Ayotte
Format: Paperback / softback

List price: £17.00
Our price: £15.30
Discount:
10% off
You save: £1.70
ISBN 10: 1009217941
ISBN 13: 9781009217941
Availability: Usually dispatched within 3-5 days.
 Delivery rates
Stock: Currently 2 available
Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 31 October, 2023
Series: Elements in Law, Economics and Politics
Pages: 75
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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