societies.  Using detailed panel data for six villages in Ethiopia, we can distinguish two types of contracts, in terms of …-ante.  We characterize these contracts as the coalition-proof equilibria of a symmetric and stationary risk-sharing game, and we … the level of trust and other enforcement improving factors.  We also predict that among the observed contracts, those with …

This paper models the implications of endogenous group formation for efficient risk-sharing contracts in the dynamic …

This chapter reviews the literature on the theory of relational incentive contracts.  It motivates the discussion by … the classic applications of relational contracts to the GM-Fisher Body relationship and the relationships between Japanese … fundamental issues and then goes on to consider specific investments, the role of legally enforceable contracts alongside …

This paper explores the implications of specific training for relational contracts.  A standard result for sustaining a … interpreted as employees with relational contracts having discretely higher pay and productivity than inherently equally … productive, or near equally productive employees without relational contracts.  Investment in specific training relaxes the …

This paper investigates relational incentive contracts with a continuum of privately observedagent types that are …

provides an additional reason to those in the classic principal-agent literature for using contracts with pay increasing in the … return.  Further results on the form of contracts are also derived. …