𝔖 Bobbio Scriptorium
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Costly contracting in a long-term relationship

✍ Scribed by Pierpaolo Battigalli; Giovanni Maggi


Book ID
110754082
Publisher
The RAND Corporation
Year
2008
Tongue
English
Weight
263 KB
Volume
39
Category
Article
ISSN
0741-6261

No coin nor oath required. For personal study only.


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The paper deals with a common problem affecting businesses wishing to enter a licensing or franchising agreement in a country with limited rule of law. The contract needs to be self-supporting, which may be achieved by the careful structuring of the timing of payments.

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