A matter of interpretation: ambiguous contracts and liquidated damages

DOI10.1016/J.GEB.2014.01.019MaRDI QIDQ2442849zbMATH OpenOpenAlexFDO

Authors Simon Grant, J. Quiggin, J. Kline

Publication date 1 April 2014

Published in Games and Economic Behavior (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1016/j.geb.2014.01.019

zbMATH Keywords

ambiguitybounded rationalityexpected uncertain utilityincomplete contractsliquidated damages

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26) Mathematical economics (91B99)

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Cites work

• A matter of interpretation: ambiguous contracts and liquidated damages
• Ambiguity aversion and incompleteness of financial markets.
• Expected uncertain utility theory
• Incomplete Contracts, Specific Investments, and Risk Sharing

Cited in

(4)

• Contracting under uncertainty: a principal-agent model with ambiguity averse parties
• Dissolving a partnership securely
• A matter of interpretation: ambiguous contracts and liquidated damages
• Compensating for unforeseeable damages in torts

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