incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort … a transfer depending on whether a player has a valid contract or not. We show that the different systems differ only … with respect to the contract length if the contract which maximizes the expected joint surplus of the initial club and the …

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 …

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 …

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 …

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 …

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. …