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Browsing Working Papers CREI (Centre de Recerca en Economia Internacional) by Subject "Legal evolution"

Browsing Working Papers CREI (Centre de Recerca en Economia Internacional) by Subject "Legal evolution"

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  • Gennaioli, Nicola; Ponzetto, Giacomo A. M. (2017-01)
    Many real-world contracts contain vague clauses despite the enforcement risk they entail. To study the causes and consequences of this phenomenon, we build a principal agent model in which contracts can include vague clauses ...

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