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Unreliability: Contract Discipline and Contract Governance under Economic Transition (ICS) [Paperback]

Unreliability: Contract Discipline and Contract Governance under Economic Transition (ICS) [Paperback]

By Robert Ivan Gal (Author) & R¢bert Iv n G l (Author)
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Item description for Unreliability: Contract Discipline and Contract Governance under Economic Transition (ICS) by Robert Ivan Gal & R¢bert Iv n G l...

Notorious unreliability of the actors is a typical feature of a command economy. Does it change in the process of transition to a market economy? Yes, it does, tremendously. Though the symptoms of unreliability are rather well known, they have been the subject of hardly any systematic analysis. Moreover, the usual bilateral approach of contract analysis, though dealing with opportunistic actors, does not admit the possibility that unreliability can be typical. Not that the actors would be morally constrained, but their partners would not tolerate being cheated on a regular basis. In this book an extended model of contracting is presented that accounts for the more tolerant character of the actors in a command economy and the growing intolerance in an economy under transition with regard to being the victim in contracting.




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Item Specifications...


Studio: Purdue University Press
Pages   158
Est. Packaging Dimensions:   Length: 8.7" Width: 5.8" Height: 0.4"
Weight:   0.5 lbs.
Binding  Softcover
Release Date   Mar 1, 1997
Publisher   Purdue University Press
ISBN  9051704275  
ISBN13  9789051704273  


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