Agency Theory: Methodology, Analysis : A Structured Approach to Writing Contracts
New
Book Details
Format
Paperback / Softback
ISBN-10
3631529732
ISBN-13
9783631529737
Edition
New
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Dec 14th, 2004
Print length
241 Pages
Weight
320 grams
Dimensions
15.00 x 21.00 x 1.40 cms
Product Classification:
Legal skills & practice
Ksh 10,650.00
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Designing a contract is often more of an economic than a legal problem. A good contract protects parties against opportunistic behavior while providing motivation to cooperate. This is where economics and, especially contract theory, may prove helpful by enhancing our understanding of incentive issues. The purpose of this book is to provide specific tools which will help to write better contracts in real world environments. Concentrating on moral hazard literature, this book derives a tentative checklist for drafting contracts. As an economic contribution to a field traditionally considered an art rather than a science, this treatment also gives much attention to methodological issues.
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