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Learning in Standard-Form Contracts: Theory and Evidence
In Section 2, we situate our paper within the literature on standard-formcontracts and contractual innovation. In Section 3, we propose a simple theoretical model of experiential learning and derive testable predictions.
Learning in Standard Form Contracts: Theory and Evidence - SSRN
The results suggest that standard formcontract terms evolve over time as sellers learn experientially about their costs and risks. Our analysis offers new accounts for the use of boilerplate, stickiness, and change, and has normative implications for the optimal design of default rules and product features.
Standard Form Contracts: Empirical Studies, Normative ...
In What’s in a Standard FormContract? An Empirical Analysis of Software License Agreements, 5 Marotta-Wurgler examined the content and degree of one-sidedness of EULAs. She reported the incidence of 23 common terms in the sample.
Standard Form Contracts by Clayton P. Gillette :: SSRN
This review of the literature, prepared for the forthcoming Encyclopedia of Law and Economics (2d edition), discusses the current state of the theoretical and empirical literature on these issues. Keywords: contracts, standard formcontracts. JEL Classification: K12.
Learning in Standard-Form Contracts: Theory and Evidence
Why are some contractual terms revised continuously while others are stubbornly fixed? We offer an account of both change and stickiness in standard-formcontracts.
Standard Form Contracts - Semantic Scholar
This paperanalyzes standard form contracts between firms and individual consumers (and borrowers). It presents a mix of anecdotal and empirical evidence from a large number of industries … Expand
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VIDEO
COMMENTS
In Section 2, we situate our paper within the literature on standard-form contracts and contractual innovation. In Section 3, we propose a simple theoretical model of experiential learning and derive testable predictions.
The results suggest that standard form contract terms evolve over time as sellers learn experientially about their costs and risks. Our analysis offers new accounts for the use of boilerplate, stickiness, and change, and has normative implications for the optimal design of default rules and product features.
In What’s in a Standard Form Contract? An Empirical Analysis of Software License Agreements, 5 Marotta-Wurgler examined the content and degree of one-sidedness of EULAs. She reported the incidence of 23 common terms in the sample.
This review of the literature, prepared for the forthcoming Encyclopedia of Law and Economics (2d edition), discusses the current state of the theoretical and empirical literature on these issues. Keywords: contracts, standard form contracts. JEL Classification: K12.
Why are some contractual terms revised continuously while others are stubbornly fixed? We offer an account of both change and stickiness in standard-form contracts.
This paper analyzes standard form contracts between firms and individual consumers (and borrowers). It presents a mix of anecdotal and empirical evidence from a large number of industries … Expand