Changes in Information and Optimal Debt Contracts. The Sea Loan

Y Gonzalez de Lara

Economics Working Papers from European University Institute

Abstract: In this paper the relevance of public and symmetric information on the enforceability of contracts will be analyze. In particular, it will examine an historical contract, the sea loan, which was used to finance long-distance maritime commerce from the times of ancient Greece to those of Medieval Ages.

Keywords: INFORMATION; CONTRACTS; DEBT; DECISION MAKING; ECONOMIC DEVELOPMENT (search for similar items in EconPapers)
JEL-codes: D81 D82 N23 O17 (search for similar items in EconPapers)
Pages: 50 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco97/06

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