Competition and Custom in Economic Contracts: A Case Study of Illinois Agriculture.

Competition and Custom in Economic Contracts: A Case Study of Illinois Agriculture.

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A customary contract is a set of terms that is standard in a given locale for a given economic purpose. Once established, such a standard tends to perpetuate itself because it creates expectations about what is fair and appropriate in a given type of economic bargain. We propose a dynamic model of h...

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Autors principals:	Young, H, Burke, M
Format:	Working paper
Idioma:	English
Publicat:	Department of Economics (Johns Hopkins University) 2000

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