Notes on Up-front Payments

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Title:	Notes on Up-front Payments
Authors:	Chen, Ho-Chyuan
Contributors:	淡江大學產業經濟學系
Keywords:	效率契約;殘值;違反契約;特別關係投資;依賴損失;Efficient Contract;Salvage Value;Contract Breach;Relationship-Specific Investment;Reliance Damage
Date:	2000-06
Issue Date:	2014-02-12 12:29:50 (UTC+8)
Abstract:	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.
Relation:	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
Appears in Collections:	[Graduate Institute & Department of Industrial Economics] Proceeding

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