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Could I have only answer? If I need a explaination, I will leave a additional comment. Thanks. Having more than two (2) parties in an
Could I have only answer? If I need a explaination, I will leave a additional comment. Thanks.
Having more than two (2) parties in an contract:
1) Only increases transaction costs.
2) Only increases uncertainty.
3) Makes no difference for efficiency if transaction costs are zero.
4) Increases both transaction costs and uncertainty.
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