Construct · 1 fields · 1 citations

contracts as reference points: a standalone construct

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Law and economics

theory that a contract sets the reference point for what each party feels entitled to, so shortfalls trigger aggrievement and retaliatory shading of performance.

In law and economics, contracts as reference points refers to theory that a contract sets the reference point for what each party feels entitled to, so shortfalls trigger aggrievement and retaliatory shading of performance. This meaning comes from Hart (2008) in Quarterly Journal of Economics.[1]

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Nearby constructs

party2 fields · 4 citationsjingle · one word, two constructs performance6 fields · 8 citationsjingle · one word, five performances contract4 fields · 6 citationsjingle · one word, four contracts

References

Hart, O., & Moore, J. (2008). Contracts as Reference Points. Quarterly Journal of Economics, 123(1), 1-48. https://doi.org/10.1162/qjec.2008.123.1.1

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