experiment, we study behavior in a contract farming game without third-party enforcement but with an external spot market as … outside option. Two players, farmer and company, may conclude a contract but also breach it by side-selling or arbitrary … payment reductions. We examine if and how relational contracts and personal communication can support private …

Although there is a lot of evidence for the positive welfare effects of contract farming, it is not clear how to …. While Contract Farming is a formal institutional arrangement, the institutional environment of developing countries is … in developing countries, lead to a situation where contract enforcement is reduced or not possible at all. Hence... …

. We study the role of trust, risk and time preferences for farmers' contract choices in a discrete choice experiment among … contract attributes. Especially trust has economically important effects on the willingness to pay for transparent quality … diversification of contract offers might increase the willingness of farmers to participate in contract farming. This has implications …

We relate the design of contract law to the process of development. In this paper, contract law defines which private … levels of effort and trading among agents. The solution to this problem requires a social contract which meets two conditions …: (i) an economywide delegate (judge) responsible for the enforcement of the social contract and (ii) a set of non …

recourses. Within this apparent variety lurk two fundamental alternatives. The aggrieved party may (i) 'affirm' the contract and … seek money damages or specific performance; or (ii) 'disaffirm' the contract with the remedy of rescission and restitution …. This simple dichotomy of contract remedies applies broadly in both common law and civil law practice. We show here that …