Unbundling Efficient Breach

The Myth of Efficient Breach: New Defenses of Expectation Interest

the theory of efficient breach in contract law

the theory of efficient breach states that it is socially useful to breach a contract whenever the breach would leave no party worse off, while leaving at least one party better off. in other words, economic analyses of breach are mainly concerned with situations in which breach is pareto-superior, rather than just overall profit-maximizing. in contrast with moral theories that hold that breach...

Unbundling Ownership and Control∗

Treating control as an asset that can be bought and sold, we introduce a model of the simultaneous and separable trading of ownership and control in a private information setting. The model provides a novel explanation for the prevalence and persistence of the separation of ownership from control in modern corporations: efficiency in the market for corporate control is more easily achieved when...

Roaming unbundling - Challenges and opportunities

The European Commission (EC) mandates that from July 1, 2014, Mobile network operators (MNO) shall offer the possibility to other parties, referred to as Alternative roaming provider (ARP), to offer ‘roaming services’. When a subscriber of a national MNO, referred to as Domestic service provider (DSP) in this context, travels abroad, that person should be entitled to receive voice, data, SMS an...

Exofiles: Unbundling the Filesystem

Filesystems are one of the key services provided by operating systems and the notion of a “file” has been used as an abstraction for storage or memory since the 1950s. Managing and organizing storage in this way is common and arguably natural. Programmer productivity is aided by thinking of the abstraction of “files” in a hierarchy of folders and perhaps filesystems or file cabinets. The filesy...