Relational Maritime Contracts: A Cost and Risk Perspective

Christina D. Tvarnø, Kim Østergaard, Henriette Schleimann

Research output: Book/ReportReportResearch

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Abstract

This follow up paper concerns relational contracts in the maritime industry from a legal, game theoretical, and strategic perspective. The paper discusses the purpose of a relational contract, the specific legal characteristics in a relational contract, and draw up economic explanations of the relations among the clauses in relational contract. Strategy and game theory are used to explain the output of negotiations and explain how to behave if to obtain joint utility in a contractual relationship in the maritime industry.
Original languageEnglish
Place of PublicationFrederiksberg
PublisherCBS Maritime
Number of pages23
ISBN (Electronic)9788793262119
Publication statusPublished - 2017

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