contracts between a principal and multiple agents when the principal favors a more even expost wage distribution. We … principal would provide both fixed and incentive contracts to agents. We also show that the optimal contracts tend to be more …

This Article is the first to empirically examine whether firms draft well-organized online contracts that consumers can … read, navigate, and analyze. “Messy Contracts,” as this Article dubs them, are contracts that lack organizational signals … finds that businesses routinely draft messy contracts. The importance of this finding goes beyond what initially meets the …

the physical infrastructure and those financing it. Contracts are part of adequate legal governance that is considered one … infrastructure development parties rely more and more on contracts when dealing with setbacks and claims. However, building complex … infrastructure is not without challenges and the same is true for designing adequate contracts. Research shows that contracts often …

relationship-specific investment. Contracts can only be offered after the investment is sunk, inducing a classical hold-up problem … single contracts can be offered, turns out optimal. Menus of contracts optimally trade-off information rents versus … efficiency of production. A restriction to single contracts gives rise to larger information rents, inducing stronger investment …