Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/42544
Title: Damage measures for inadvertant breach of contract
Authors: Bebchuk, L.A.
Png, I.P.L. 
Issue Date: 1999
Source: Bebchuk, L.A.,Png, I.P.L. (1999). Damage measures for inadvertant breach of contract. International Review of Law and Economics 19 (3) : 319-331. ScholarBank@NUS Repository.
Abstract: We analyze contractual situations where breach is inadvertant rather than deliberate. We consider the effects of alternative remedies for breach on ex ante precaution and reliance decisions. Neither the expectation measure nor the reliance measure of damages induces efficient precautions and reliance. The expectation measure leads to excessive reliance, while the reliance measure leads to excessive reliance and less than efficient precaution. The expectation measure, however, is Pareto-superior to the reliance measure. This result is robust to various informational assumptions. © 1999 by Elsevier Science Inc.
Source Title: International Review of Law and Economics
URI: http://scholarbank.nus.edu.sg/handle/10635/42544
ISSN: 01448188
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

Page view(s)

74
checked on Dec 15, 2017

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.