In contrast to Edlin (1996), this paper adopts a reliance damage measure to find reliance investment efficiency. In Edlin, efficiency is achieved under the expectation damage measure with a proper up- front payment, accompanied by a very low pre-specified price to assume away the buyer's breach. I find, however, that this device in general fails under the reliance damage measure and efficient reliance investment occurs only when trade is always efficient.
關聯:
淡江大學 創校五十週年商學院國際學術研討會論文集=Marching into the New Millennium: Economic Globalization=Proceedings，頁155-166
