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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.

A Safety Valve Model Of Equity As Anti-Opportunism

by Kenneth (University Of California, Berkeley School Of Law) Ayotte, Henry E. (Harvard Law School, Massachusetts) Smith e Ezra (Northwestern University Pritzker School Of Law) Friedman

Property Description
ISBN: 9781009217941
Publisher: CAMBRIDGE UNIVERSITY PRESS
Release Date: September of 2023
Language: English
Cover: Softcover
Pages: 58
Format: Book
Collection: Elements In Law, Economics And Politics
Categories: Books in English > Economics, Finance and Accounting > Finances
Books in English > Others
EAN: 9781009217941