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

Trust between parties should drive the negotiation and design of contract: if parties did not trust each others … over time, we find that lower trust increases contract completeness. Not only contract complexity but also the verifiable …

to discriminate by offering some workers a fixed-term contract while offering other workers a permanent contract. Match …-specific quality between a worker and a firm determines the type of contract offered. We analytically characterize the firm's hiring …

optimal, incentive-compatible partnership contract that can be implemented by a simple call option, and then analyze the …

bargaining power in contract renegotiations. By examining tax shifting in actual gas sales contracts we test whether this is the …

expectations of partners in a JL contract, and shame from falling short of normatively inadequate effort, under public repayment of … large treatment effects and confirms the central roles of guilt and shame. Under private repayment, a JL contract increases … effort by almost 100% relative to an IL contract. Under public repayment, effort levels are comparable under IL and JL …