This paper examines the impact of renegotiations on contractual relationship. Using an original data-set of expired public-private contracts in the French car park sector, we investigate the link between renegotiations and contract renewals. Indeed, if renegotiations led to surplus decrease,...

In this article, we use a large database of more than 3700 interfirm relationships in force between French firms in 2003 to study the way they achieve cooperation. We find that cooperation is enhanced by a partner's reputation. Our results also suggest that while formal contracts have a direct...

This outstanding book presents new original contributions from some of the world's leading economists including Ronald Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme...