Vertical restraints are defined as contractual provisions binding companies of the distribution chain: suppliers and distributors, or wholesalers and retailers. Concern over these vertical restraints is justified because of their significance in the present-day configuration of industrial...

This paper deals with contractual design and vertical relationships within a franchise chain, in the field of the literature on share contracts. Within a double-sided moral hazard, the contract sharing the profit generated by the vertical decentralized structure results from the necessity to...