ISBN:
9781009217965
Language:
English
Pages:
1 online resource (58 pages)
Edition:
1st ed.
Parallel Title:
Erscheint auch als
DDC:
346.004
Abstract:
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.
Note:
Description based on publisher supplied metadata and other sources