Quote:
Originally Posted by abailey08
if I signed an order form for a car which is in essence a promise to buy the car, I should buy the car regardless of whether or not I find that other people got a better price, because I gave my word.
... some X component sometimes doesn't work well.
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In one case, you're talking about a hidden defect. In that case, it's real asymmetric information.
The fact that someone else got a better deal is NOT asymmetric information. As far as price goes, the only question is "Were you happy with the price you paid at the time you signed the contract?".
I enter into lots of contracts in my business, at different prices to different people. I live up to my engagements. I expect that people live up to their engagements. I enforce my contacts in court otherwise.