contract renegotiation is a powerful tool for incentive provision, despite the stationarity of the environment. Continuation …

agent wants to maximize duration of experimentation with the risky arm. However, only the high type arm can generate value …

specific game-theoretic models (an observable-contract game and an unobservable-contract game), we find two key results: (i …) The unobservability of a contract may increase inefficiency of the environmental conflict in terms of legal efforts …; however, (ii) the unobservability of a contract may increase the fairness of the outcome in terms of the plaintiff …

contract modifications but not the hazard rate of a head coach's dismissal. Additionally, analysis of employment duration … employment survival, these studies ignore the impact of contract modifications. Using an accelerated failure time survival model … with hand-collected college head football coach contract data, I find that race/ethnicity affects the hazard rate of …

important aspect of the supplier-buyer relationship is the contract duration, and how this factor is likely to affect firm …

belief that market actors adhere to informal contract arrangements. Particularly in lower-income countries, which are often … described by distortions - such as inefficient institutions (e.g., contract enforcement), imperfect markets (e.g., access to …