interpreted as a 'simple' contract that the parties have written ex ante. This result is used in order to show that simple …

’ investment in land improvement and conservation measures. It then analyzes this relationship with a multivariate probit model … Ghana. A major hypothesis tested is that investment in productivity enhancing and conservation techniques are influenced by …

A new approach is presented. It is based on a generalization of a breach of a term of contract and on the economic …

contract trades off the resulting inefficiencies that arise from such "self made" job security with the reduced incentives and …

An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …'s investment incentives are increasing in his bargaining power. Yet, given limited liability, overinvestments may occur and the … inventor's investment incentives may be decreasing in his bargaining power. …

is trivial. The second-best contract is characterized and an application of the model to the choice of risky projects is …

A seller and a buyer can write a contract. After that, the seller produces a good. She can influence the expected …