Construct · 1 fields · 1 citations

efficient reliance: a standalone construct

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efficientreliance1 CONSTRUCTEfficient relianceSHAVELL · LAW AND ECONOMICS

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Law and economics

the question of how damage measures for breach shape a promisee's investment in reliance, with expectation damages inducing excessive reliance.

In law and economics, efficient reliance refers to the question of how damage measures for breach shape a promisee's investment in reliance, with expectation damages inducing excessive reliance. This meaning comes from Shavell (1980) in The Bell Journal of Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

breach3 fields · 3 citationsjingle · one word, three constructsexpectation interest1 fields · 1 citationsanchor · a standalone constructexpectation4 fields · 4 citationsjingle · one word, four constructs

References

  1. Shavell, S. (1980). Damage Measures for Breach of Contract. The Bell Journal of Economics, 11(2), 466. https://doi.org/10.2307/3003374

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