Contract law and the economics of contract have, for the most part, developed independently of each other. In this … essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize … the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of …

reveal a new behavioral force: ex ante competition legitimizes the terms of a contract, and aggrievement and shading occur … mainly about outcomes within the contract …

We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) a contract that exempts employers from the …

We present a wage-hours contract designed to minimize costly job turnover given investments in on the job training …

In two experiments, we examine the effects of employer reputation in an online labor market (Amazon Mechanical Turk) in … reputation, we find that good-reputation employers attract work of the same quality but at twice the rate as bad-reputation … employers. This is the first clean, field evidence on the value of employer reputation. It can serve as collateral against …

outcomes are justified by existing reputation building models, which suggest that cooperative outcomes can be sustained if some …) selfish players mimic the actions of cooperators when trading partners can track the individual reputation of past partners …