We examine the impact of economic deregulation on employer evasion of union-mandated "formal" wage-contracts in an import-competing industry. We show that, if the state maintains industrial employment despite import liberalisation, through cheaper credit to firms, then employer evasion will...

In many countries, an expired labor contract is automatically extended during the often protracted delay before the new contract is signed. Our theoretical model focuses on macroeconomic factors in explaining the delay. It emphasizes the importance of the realized nominal and real shocks, and of...

One of the important features of Blockchain is that it allows the hosting and execution of contracts. Such a contract in the digital world is known as a Smart Contract. But the process and consequences of a contract vary radically from one format of Blockchain to another. One of the formats (and...

Nach dem Grundsatz 'pacta sunt servanda' ermöglichen Verträge den Beteiligten das Vertrauen in den Bestand eines Leistungsversprechens. Die Zivilgerichte können jedoch in der Praxis pflichtgemäßes und vertragswidriges Verhalten nicht fehlerfrei unterscheiden. Unter Zuhilfenahme des...

Angesichts der seit mehr als zwei Jahrzehnten andauernden Massenarbeitslosigkeit ist das Kündigungsschutzrecht in den meisten kontinentaleuropäischen Ländern in den Mittelpunkt der Kontroverse um die Flexibilisierung der Arbeitsmärkte gerückt. Kritiker des Kündigungsschutzes behaupten,...

Nach dem Grundsatz «pacta sunt servanda» ermöglichen Verträge den Beteiligten das Vertrauen in den Bestand eines Leistungsversprechens. Die Zivilgerichte können jedoch in der Praxis pflichtgemäßes und vertragswidriges Verhalten nicht fehlerfrei unterscheiden. Unter Zuhilfenahme des...

In this paper we explain the use of explicit contracts of employment, particularly those that embody high- rather than low-powered incentives and clauses that supersede the common law defaults. Our analysis is based on an understanding of two fundamental problems that arise when agency...

The last few years have brought a renewed appreciation of the costs of nondisclosure agreements that suppress information about sexual wrongdoing. Recently passed bills in a number of states, including New York and California, have attempted to deal with such hush contracts. But such legislation...

In the midst of globalization and liberalization fever, the people are grooming with wide-range of information even before the age of majority. However, the Indian Contract Act envisages that the minors are incompetent to hold any form of contracts. This paper is concern only with minor in...