optimal. In the infinitely-repeated version of the model, it is also possible for the parties to enter a relational contract …, under which each promises not to engage in rent-seeking. Such a contract must be self-enforcing, for it cannot be enforced … by court. It is shown that integration makes the relational contract less easily sustainable, as, due to its cost …

In public procur ement a temporal separation between award and actual contract allows private entrepreneurs who did not …

The term “liberty of contract” is usually associated with the doctrine that the due process clause of the United States … free-market advocates embrace the liberty of contract doctrine because they are averse to State interference with private … market transactions. But the term is ironic because a contract is only legally binding if courts will enforce it. Since …

rigid property rules, intellectual property owners will contract into more flexible liability rules. A series of recent …

employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave …