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Can Blockchain Solve the Hold-up Problem in Contracts?

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NBER2019-05-01 更新2025-01-04 收录
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Two parties sign a contract but before they fully perform they modify the contract. Should courts enforce the modified agreement? The modification may enable efficient trade in response to changed circumstances, or one party may have made an efficient relationship-specific investment and then been

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2019-05-01
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