Andere Kunden interessierten sich auch für
![Beyond the Social Contract]( "Beyond the Social Contract")
Beyond the Social Contract152,99 €![Paper Discussion. "e;Reconciling Efficient Markets With Behavioral Finance: The Adaptive Markets Hypothesis"e; von Andrew Lo 2005]( "Paper Discussion. "e;Reconciling Efficient Markets With Behavioral Finance: The Adaptive Markets Hypothesis"e; von Andrew Lo 2005")
Paper Discussion. "e;Reconciling Efficient Markets With Behavioral Finance: The Adaptive Markets Hypothesis"e; von Andrew Lo 200518,95 €![A Social Contract with Business as the Basis for a Postmodern MBA in a World of Inclusive Globalisation]( "A Social Contract with Business as the Basis for a Postmodern MBA in a World of Inclusive Globalisation")
A Social Contract with Business as the Basis for a Postmodern MBA in a World of Inclusive Globalisation33,99 €![The DO's and DON'Ts of Contract Cleaning From One Who DID and DIDN'T]( "The DO's and DON'Ts of Contract Cleaning From One Who DID and DIDN'T")
The DO's and DON'Ts of Contract Cleaning From One Who DID and DIDN'T36,99 €![The failure of the social contract and the observation of the Central African chao]( "The failure of the social contract and the observation of the Central African chao")
The failure of the social contract and the observation of the Central African chao27,99 €![The DO's and DON'Ts of Contract Cleaning From One Who DID and DIDN'T]( "The DO's and DON'Ts of Contract Cleaning From One Who DID and DIDN'T")
The DO's and DON'Ts of Contract Cleaning From One Who DID and DIDN'T30,99 €![Capitalism, Corporations and the Social Contract]( "Capitalism, Corporations and the Social Contract")
Capitalism, Corporations and the Social Contract80,99 €
![Paper Discussion. "e;Reconciling Efficient Markets With Behavioral Finance: The Adaptive Markets Hypothesis"e; von Andrew Lo 2005](https://bilder.buecher.de/produkte/57/57158/57158354n.jpg "Paper Discussion. "e;Reconciling Efficient Markets With Behavioral Finance: The Adaptive Markets Hypothesis"e; von Andrew Lo 2005")
Seminar paper from the year 2007 in the subject Business economics - Law, grade: 1,0, Otto-von-Guericke-University Magdeburg (Faculty of Economics and Management), course: Law and Economics, language: English, abstract: 1. IntroductionOn the level of economic transactions, contractual relations have emerged over time to govern behavior of people involved in doing business in order to promote the efficient allocation of scarce ressources.1 Thereby, contracts create order, reduce uncertainty or transform uncertainty into risk and thus are basic premises allowing for the exchange of goods or services.2 However, depending on the nature of the economic transaction, parties involved in a contractual agreement may prefer to grant breach of contract if it proves to be efficient compared to performing the contract throughout duration. Hence, in order to guarantee the mutual benefit and thus, in fact, pareto efficiency of breach of contract, contractual settings have to be designed sophisticatedly to account for situations, where a contractual party may want to default and breach a contract.Based on a paper by Steven Shavell,3 in the following, damage measures shall be critically discussed as efficient coordination mechanisms of interests in the event of breach of contract.First of all, the need for contractual settings in order to promote efficient breach of contract given incomplete contingent contracting will be outlined. Then, a light shall be shed on the model of damage measures as used and introduced by Shavell. Thereafter, Shavell's approach shall be critically discussed and some further implications will be given.