decision theory to more fully explain both why the conventional law focuses on minimizing the risk of false-positive outcomes … and why the modern law should be crafted to minimize total probate-error risk. Decision theory suggests that, to identify …

turned into joint interests in the agreement reached. It is a mistake to talk about the form of a contract without first …, given the options the party has. The form of the contract is not an end in itself. As a result in order to analyze the form … that contracting takes we must understand the function that each party needs the contract to perform—the kinds of …

, but there is limited understanding about the determinants of contract duration in developed countries. In this research … legal status, price and non-price conditions in influencing the contract duration. Results indicate that the legal status of …

The optimal duration of a supply contract balances the costs of re-selecting a supplier against the costs of being … matched to an inefficient supplier when the contract lasts too long. I develop a structural model of contract duration that …