theory, and the article relates this conclusion to legal intervention in practice. Contractual holdup is considered for both … controlling the contract price is preferable, as that policy can reduce the problems of holdup but still allow contracts to be …

the DSB amounts to "completing" various dimensions of an incomplete contract. Moreover, there is a debate among legal … that it highlights the interaction between the design of the contract and the design of the dispute settlement procedure …

gains from trade exist in the first period, and may or may not exist in the second period. A long-term contract that … second period. A short-term contract is disadvantageous since a new contract must be negotiated if gains from trade exist in … the second period. A continuing contract can be better. In a continuing contract there is no obligation to trade in the …

. If when an employer and worker establish a relationship they cannot contract on the output and profits of the worker …'s prospective new firm, the employer counters by inducing the worker to sign a contract that prohibits him from competing or …

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 review thus provides an overview of the literature for economists who are …

contract renegotiation, an optimum can be achieved by giving the seller the right to make a take‐it‐or‐leave‐it offer. However …, with shading, such a contract creates deadweight losses. We show that an optimal contract will limit the seller's offers …

and by the possibility that an exporter does not deliver goods as specified in the contract. The empirical results …