asymmetry are important determinants of contract design. Asymmetric information between buyers and suppliers leads to shorter …

find that firms that both reside in countries with weak contract enforceability and operate in industries with a greater …

find that firms that both reside in countries with weak contract enforceability and operate in industries with a greater …

Joskow (1987) examined the importance of specific investments to the contract duration of coal contracts. Since … examines how the level of specific investments affect the design of coal contract structure, namely the simultaneous choices of … contract duration and pricing provision. The empirical results show that, from both the separate and joint estimations, the …

. The model also offers a new rationale for ex-post inefficient penalties for breach of contract. Equilibrium long … dealing lowers overall welfare in this model. As an illustration, the theory is applied to the case of British brewers …

Trust between parties should drive the negotiation and design of contract: if parties did not trust each others … over time, we find that lower trust increases contract completeness. Not only contract complexity but also the verifiable …

Trust between parties should drive the negotiation and design of contract: if parties did not trust each others … over time, we find that lower trust increases contract completeness. Not only contract complexity but also the verifiable …

Recent theoretical work on agricultural contracts has utilized agency theory. Most of this work considers a moral … sample of producer performance under a broiler production contract to confirm that heterogeneity exists. We model the …