Vandenberghe, A.M.I.B.

contract party freedom price bargaining power market economic power contract law preference court consumer information people individual problem bargaining paternalism welfare analysis contract terms example transaction choice efficiency agreement product value interference inequality policy contracting section review system decision right contracting parties regulation market power medicine wealth person judgment journal transaction costs ante contract-drafting costs externalitie society interest seller information asymmetry point action change reason form contracts market imperfections fairness principle order conclusion error limit customer question service intervention quality state exchange result benefit economist default rules wealth redistribution housing discrimination legislator obligation