of other agents and thus have more information about "norms of behavior". Compared to a setting with uninformed …

In a recent paper, Hart and Moore (2008) introduce new behavioral assumptions that can explain long term contracts and … and, in particular, Hart and Moore's notion that contracts provide reference points. In this paper, we examine … tradeoff between rigidity and flexibility in a trading environment with incomplete contracts and ex ante uncertainty about the …

international trade. Ethnic networks are a way of overcoming informal barriers (information costs, risk and uncertainty) to trade by … building trust and substituting for the difficulty of enforcing contracts internationally. The networks we are interested in …

informality. Questions related to these various concepts, social security and benefits coverage, contractual information, legal … status of migrants, the nature of self-employment and job history information are analyzed in terms of their relationship to …

contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning … contracts to accommodate exogenous policy changes, PPLD would not be distortionary or redistributive. If contracting frictions …

-leisure trade-off. We allow workers a choice between two contracts: a piece rate contract, wherein he is paid per unit of service … data collected on specialist physicians working in the Province of Quebec (Canada). Our data set contains information on … simulate elasticities and the effects of ex ante reforms on physician contracts. Our results show that physician services and …

a simple model of team production we examine the interplay of different types of contracts with social norms. We show …

We develop and estimate a model of dynamic interactions between households where commitment is limited and contracts …. Households can insure through both formal contracts and informal agreements, that is, agreements specifying voluntary transfers …. Incentive constraints due to self-enforcement bind with positive probability and formal contracts are used to reduce this …