ECON4008 Question List

Contract

Key Definition

1. Perfect Expectation Damages

2. Damage

3. Over-reliance

4. Reliance

6. What is the promisor’s payoff from exerting $e$ ?

7. What if the liability is different from expectation damages?

8. What is Reliance, and what does it do?

9. When is reliance efficient?

10. What is the difference between $I$ and $e$, which dominates the promisee’s or promisor’s decisions?

11. Describe theGeneral Model of Reliance