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Damage Measures for Inadvertant Breach of Contract

International Review of Law and Economics, Vol. 19, 1999

Posted: 29 Mar 2000  

Ivan P. L. Png

National University of Singapore (NUS)

Lucian A. Bebchuk

Harvard Law School; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR) and European Corporate Governance Institute (ECGI)

Abstract

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.

Notes: This is a description of the paper, and is not the actual abstract.

Suggested Citation

Png, Ivan P. L. and Bebchuk, Lucian A., Damage Measures for Inadvertant Breach of Contract. International Review of Law and Economics, Vol. 19, 1999. Available at SSRN: https://ssrn.com/abstract=192488

Ivan P. L. Png (Contact Author)

National University of Singapore (NUS) ( email )

Singapore, 117543
Singapore
+65 6516-6807 (Phone)

HOME PAGE: http://sites.google.com/site/iplpng/

Lucian A. Bebchuk

Harvard Law School ( email )

Cambridge, MA 02138
United States
617-495-3138 (Phone)
617-812-0554 (Fax)

HOME PAGE: http://www.law.harvard.edu/faculty/bebchuk/

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR) and European Corporate Governance Institute (ECGI)

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