Damage Measures for Inadvertant Breach of Contract
International Review of Law and Economics, Vol. 19, 1999
Posted: 29 Mar 2000
We analyze situations of inadvertant rather than deliberate breach and consider the role of alternative damages remedies. Expectation damages induce excessive reliance, while reliance damages induce excessive reliance and under-efficient precaution. Overall, expectation damages are Pareto-superior to reliance damages.
Note: This is a description of the paper, and is not the actual abstract.
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