Real-world contractual agreements between firms are often incomplete, leading to suboptimal investment and loss of value in supply-chain relationships. To what extent can blockchain technology help alleviate problems arising from contractual incompleteness? We examine this issue by exploiting a...

Relational contracts - informal self-enforcing agreements sustained by repeated interactions - are ubiquitous both within and across organizational boundaries. This review highlights recent empirical contributions in selected areas. We begin by reviewing some recent work that explicitly takes...

This paper analyzes the stability of international environmental agreements in a dynamic game when the generation of both renewables and fossil fuel based energy requires specialized capital stocks or technologies, respectively. Two contract types are considered. At an incomplete (a complete)...

Firm-to-firm relationships in global value chains create opportunities for North-South technology diffusion. This paper studies technology transfer in value chains when contracts are incomplete and input production technologies are imperfectly excludable. The paper introduces a new taxonomy of...