Abstract
This letter studies the possibility of voluntary breach of contract in the presence of new information. If the information had to be disclosed prior to the agreement, it is shown by example that all individuals may be worse off than if the act of disclosure is itself voluntary.
Original language | English (US) |
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Pages (from-to) | 7-11 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 4 |
Issue number | 1 |
DOIs | |
State | Published - 1979 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics