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Imperfect information in markets for contract terms: The examples of warranties and security interests

Schwartz, Alan and Wilde, Louis L. (1983) Imperfect information in markets for contract terms: The examples of warranties and security interests. Virginia Law Review, 69 (8). pp. 1387-1485. ISSN 0042-6601. doi:10.2307/1072774.

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Additional Information:© 1983 Virginia Law Review. Research for this article was supported by National Science Foundation Grant No. SES81-17708. The paper was improved by comments made at a U.S.C. Law Center faculty workshop, a seminar in contract theory held at the Berkeley Law School, and faculty workshops at the Toronto, Virginia, and Yale law schools. Guido Calabresi, Richard Craswell, Melvin A. Eisenberg, Will T. Jones, George Priest, Margaret Jane Radlin, Robert E. Scott, Matthew Spitzer, and Oliver Williamson also made very helpful suggestions. Technical versions of the warranties model, discussed infra pp. 1402-13, benefited considerably from comments received at workshops held at the California Institute of Technology, Cornell University, the University of Chicago, Northwestern University, and Stanford University. Formerly SSWP 480.
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Subject Keywords:Consumer prices, Security interests, Imperfect information, Warranties, Contracts, Consumer preferences, Shopping, Comparative advantage, Consumer goods, Consumer economics
Issue or Number:8
Record Number:CaltechAUTHORS:20171115-143442080
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:83235
Deposited By: Jacquelyn Bussone
Deposited On:15 Nov 2017 23:07
Last Modified:15 Nov 2021 19:56

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