Competition and Custom in Economic Contracts: A Case Study of Illinois Agriculture.
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...
| Hauptverfasser: | , |
|---|---|
| Format: | Working paper |
| Sprache: | English |
| Veröffentlicht: |
Department of Economics (Johns Hopkins University)
2000
|