projects. A delicate resulting contracting decision thus is how to allocate control. This paper considers the incumbent …'s problem to design a research contract that specifies: the allocation of control; the unit's research input, and its monetary … are not verifiable. Control affects the distribution of the private benefits from research and can be shared. From a …

: how do contracts, presumed to be susceptible to hold-up problems due to incompleteness, control production arrangements … that by their nature invite opportunism? Relying on publicly-available contracts taken from a number of industries, I argue … governance system. Because traditional theories of contractual control struggle to fully explain this new behavior, I re …

-post bargaining. Optimal ownership structures are characterized and a new role for option contracts is identified …

The research provides evidence from a dataset of R&D joint venture contracts about how firms organize collaborative R …&D. We work out of a dataset of 96 contracts to construct a taxonomy of the types of mechanisms firms use in organizing …

presence of incomplete contracts, an excessive emphasis on the tendering rules, in absence of an efficient system of sanctions …

We consider relational contracts for teams in which the agents monitor each other. We demonstrate that providing rents …