Contract law and the economics of contract have, for the most part, developed independently of each other. In this … essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize … the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of …

contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters …

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

This paper develops a model of child custody based on an incomplete-contract approach to the allocation of property … rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments …

entrepreneurship and credit constraints under labour market discrimination. We divide self employed into prefer to be self-employed and … prefer to have a salaried job but cannot find one; and divide salaried workers into want-to-be entrepreneurs and happy …-to-be salaried workers. Over 40 percent of migrant workers are either currently or want-to-be entrepreneurs. Both groups are very …

Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is … mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we … perform a large 'lab-in-the-field' experiment comparing entrepreneurs to managers – a suitable comparison group – and …

Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find that … workers have higher median income in all educational groups. Without additional controls, entrepreneurs have higher average … income with all but undergraduate level of education. However, random effects and matching models suggest that entrepreneurs …

personal contacts with a young entrepreneur and the regional share of nascent entrepreneurs. …

entrepreneurship where agents are heterogeneous in their ability as workers, and starting entrepreneurs face uncertainty about their … to become entrepreneurs, and spend more time in entrepreneurship. Among entrepreneurs, more of the firms run by …Why do some people become entrepreneurs (and others don't)? Why are firms so heterogeneous, and many firms so small? To …