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Kansainväliset sopimukset Luento 6
Case 6 Matti Rudanko
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(Optimization of contract terms by means of business economics)
Lecture 5: Slides Slide sets: 4, 9 (Optimization of contract terms by means of business economics) Kansainväliset sopimukset luento 5
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Other Material and Further Reading
Cooter, Robert – Ulen, Thomas: Law and Economics (1996 or later ed.) Polinski, A. Mitchell: An Introduction to Law and Economics (1989 or later ed.) Posner, Richard A.: Economic Analysis of Law (1992 or later ed.) Please make use of your knowledge of IB, Accounting, Finance, Logistics, and other business economic or legal know how Kansainväliset sopimukset luento 5
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Possible Tasks and Questions
Please account for: 1. International Dimension: Choice of Law 2. Damages Liabilities in Sales Contracts 3. Optimization of Contract view (Law and Economics and Contract Law views) 4. Forward Agreement as Means of Risk Management 5. Bounded Rationality, Especially Risk Aversion of Parties Kansainväliset sopimukset luento 5
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Topics and Issues Price Risks in International Contracts
Price formation systems (fixed price contracts, unit price / cost plus fixed fee / target price) Price risk division Price / Payment Risk Management Price terms Payment terms Security systems Forward Agreement (Hedging) Liability limitations, liquidated damages Optimization of contract Optimization of Contract Law and Economics Risk aversion and other types of bounded rationality Kansainväliset sopimukset luento 5
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