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A safety valve model of equity as anti-opportunism / Kenneth Ayotte, Ezra Friedman, Henry E. Smith.
- Format:
- Book
- Author/Creator:
- Ayotte, Kenneth Michael, 1975- author.
- Friedman, Ezra, author.
- Smith, Henry E., author.
- Series:
- Cambridge elements, 2732-4931.
- Cambridge elements. Elements in law, economics and politics, 2732-4931
- Language:
- English
- Subjects (All):
- Equity.
- Opportunism (Psychology).
- Physical Description:
- 1 online resource (48 pages) : illustrations (black and white, and colour), digital, PDF file(s).
- Edition:
- First edition.
- Place of Publication:
- Cambridge : Cambridge University Press, 2023.
- Summary:
- This text presents a simple contracting model that captures the role of equity as a safety valve, and shows how it can solve problems posed by opportunists. It also shows that it is often preferable to limit equity, reserving it for use only against those who appear sufficiently likely to be opportunists.
- Notes:
- Also issued in print: 2023.
- Includes bibliographical references.
- Description based on online resource; title from PDF title page (viewed on August 22, 2023).
- ISBN:
- 9781009217934
- 1009217933
- 9781009217958
- 100921795X
- 9781009217965
- 1009217968
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