2 Hidden Information, Screening 4 2.1 The Simple Economics of Adverse Selection . . . . . . . . . . . . . . . . . . 4 2.1.1 First-Best Outcome: Perfect Price Discrimination . . . . . . . . . . . 6 2.1.1.1 Comparison of type-specific contracts with each other . . . . 6 2.1.1.2 In case it’s been too long since you’ve last done a maximization problem . . . . . . . . . . . . . . . . . . . . . . . ....

The plight of academic staff hired on short-term contracts, who often have little chance of eventually acquiring a permanent job, is long-standing. Many therefore welcomed the EU's efforts to introduce regulations which obliged employers to offer permanent jobs to most staff after the successful completion of a period of casual contracts. But fears are growing that universities may lay off acad...

in state-investor dispute, investor tends that umbrella clause transfers all contractual claims to treaty claims. by contracts, state follows narrow interpretation of this clause. up to ilc articles, establishing of responsibility of state for breach of contract requires tow preconditions. first state is merely responsible when state condoct has been of governmental nature and second is that br...

where the debtor fails to perform the contract, he would have contractual liability. (this amount to contractual liability of the debtor) can debtor have the right to ignore contractual liability and invoke for tortuous? right to choose is definitely raised where non-performance of contract amounts to contractual liability as well as tortuous liability. some confirm this right to choose and giv...

the iranian civil code has limited the effects of unknown condition to nullification of such condition provided that it results in ignorance with respect to consideration. the code conveys no explicit provision concerning the effect of such condition not resulting in the ignorance. unknown condition refers to a condition on which there is not complete and comprehensive knowledge. this article l...

the seller must deliver the goods in conformity with the contract. one of cases of conformity is its conformity with the contract in terms of quantity. namely, the seller must deliver the goods that are equal with the specified amount in the contract. in practice, the delivered goods may be larger than the amount specified in the contract. in iranian law, where the goods are larger than contrac...