, competition does not eliminate but rather exacerbates inefficiencies arising from contracting with focused agents. Common contract …

We study a retailer's sourcing contract when the supplier's reservation profit (offered by his outside options) depends … supplier's marginal reservation profit. In this case, the optimal contract quantities maximize the supply chain profits for the … contract. Observations from our analysis contrast with those derived from previous studies, complementing the theory of …

What role do contracts play in long-term relationships? Very little, if any, according to the relational contract … literature. It is not the contract that induces promise-keeping but the imposition of (or threat of imposing) relational or … more accurate information can explain why contracting parties use vague, open-ended standards, such as “best efforts …

any manager who is unfavorable to some investors. The contract problem has hidden types, hidden actions, hidden knowledge …

We experimentally investigate the effect of a dominated contract in team production, which punishes low output but does … not reward high output. We consider three systems of implementing the dominated contract: exogenous, voting, and … leadership. We find that teams choose the dominated contract in the latter two systems. Moreover, when the dominated contract is …

This paper investigates the effects of regulatory interventions on contracting relationships within firms by examining …

recent developments in contract data collection and analysis, the Article proposes “predictive contracting,” a new method of … contracting in which contract drafters can design contracts using a technology system that helps predict the connections between … contract terms and outcomes. Predictive contracting will be powered by machine learning and draw on contract data obtained from …

mergers on consumers. To avoid violating antitrust laws, merging firms could contract with a third party in a manner that …