theories of self-enforcing or implicit
Theories of self-enforcing or implicit contracts
These theories relate to the problem of limits to which legal compulsion can be employed (due to information or transaction costs).
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determine about the principal-agent theorieswwhich concentrate especially on the problems of asymmetric information among the parties to a contract
theories of self-enforcing or implicit contractsthese theories relate to the problem of limits to which legal compulsion can be employed due to
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determine the example of a relational contracta characteristic macro example of a relational contract with a strong lock-in effect is membership of a
baobab rolling mills owns a lathe machine which was purchased 10years ago at sh 75 million the machine had an expected life of 15 yrs at the time it
define the term - credibility and reputationnature and characteristic of the environment in which a policy has been chosen has a number of important
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