Elfenbein, Daniel W; Lerner, Josh - In: RAND Journal of Economics 34 (2003) 2, pp. 356-69
We examine the structure of more than 100 alliances by Internet portals and other firms between 1995 to 1999 from a contract-theory perspective. Models of incomplete contracts frequently invoke unforeseen contingencies, the cost of writing contracts, and the cost of enforcing contracts in...