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Birmingham, "Breach of Contract, Damage Measures, and Economic Efficiency," 24 Rut.
Steven Shavell, Damage Measures for Breach of Contract, 11 Bell J. Econ.
The theme of the article is that damage measures serve as a substitute for completely specified contracts.
The fragility function is then derived from the joint distribution of intensity and damage measures.
Earlier work focused on developing seismic fragility curves of systems for several values of damage measures.
Deck unseating and damage of columns are considered as the damage measures for the vulnerability analysis.
Similar(21)
We then argue that the damage measure should depend on the efficacy of the verification process.
Ductility damage index is a suitable damage measure for performance-based design of RC frame members.
The system fragility curves are then developed, using the generic damage measure.
A generic damage measure is introduced for measuring the system-level damage of structures out of the component-level damages.
We first demonstrate that a single damage measure for publication of false libelous information, such as the "damages equal harm" measure, cannot simultaneously induce socially optimal decisions regarding verification and publication.
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