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- W3125168560 abstract "Few concepts have been more pivotal to contract law scholarship over the last forty years than the opportunism attributed ex ante and ex post to contracting parties, yet the lawful form of opportunism identified by Nobel Laureate Oliver Williamson in 1991 remains surprisingly overlooked in favor of the blatant forms of opportunism that result from “self-interest seeking with guile.” This Article extends Williamson’s inchoate account of lawful opportunism with reference to the bargaining underlying the classic impossibility decision, Taylor v. Caldwell, and reports the first empirical study of the phenomenon. Our findings show, inter alia, that participants who viewed themselves as more entitled (the top 25% of all participants) were three times more likely to choose a lawfully opportunistic behavior in the crack of the contract, reinforcing the conceptual conclusion that lawful opportunism springs from a sense of entitlement the way guile fuels blatant opportunism." @default.
- W3125168560 created "2021-02-01" @default.
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- W3125168560 date "2018-10-31" @default.
- W3125168560 modified "2023-09-23" @default.
- W3125168560 title "Not from Guile, but from Entitlement: Lawful Opportunism Capitalizes on the Cracks in Contracts" @default.
- W3125168560 hasPublicationYear "2018" @default.
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