determine the example of a relational contracta
Determine the example of a relational contract
A characteristic macro example of a relational contract with a strong lock-in effect is membership of a currency community. Self-enforcement presumes that the parties recognize, if not immediately.
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what is the theory of contractsthe specialized relationship between principal and agent and between agents themselves in the policy process has been
determine about the principal-agent theorieswwhich concentrate especially on the problems of asymmetric information among the parties to a contract
theories of self-enforcing or implicit contractsthese theories relate to the problem of limits to which legal compulsion can be employed due to
theories of relational contractsthese are long-term non-legal or only incompletely legal agreements the fact of incomplete foresight is taken into
determine the example of a relational contracta characteristic macro example of a relational contract with a strong lock-in effect is membership of a
baobab rolling mills owns a lathe machine which was purchased 10years ago at sh 75 million the machine had an expected life of 15 yrs at the time it
define the term - credibility and reputationnature and characteristic of the environment in which a policy has been chosen has a number of important
determine the concept of credibilitylet us make it clear that credibility of a policy and that of a policy maker are two different things
set of circumstances of policy makerthe distinction leads to think what to say then to a policy which is feasible in only one set of circumstances
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