A Safety Valve Model of Equity as Anti-opportunism


LOOKING TO PLACE A BULK ORDER?CLICK HERE

Piracy-free
Piracy-free
Assured Quality
Assured Quality
Secure Transactions
Secure Transactions
Fast Delivery
Fast Delivery
Sustainably Printed
Sustainably Printed
Delivery Options
Please enter pincode to check delivery time.
*COD & Shipping Charges may apply on certain items.
Review final details at checkout.

About The Book

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.
downArrow

Details