example of how markets, as opposed to private negotiations, can be used to determine efficient contract terms. -- law and …

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 …

We present a wage-hours contract designed to minimize costly job turnover given investments in on the job training …

) use of marriage is affected by the possibility of divorce. -- post-marital education ; marriage contract ; divorce …

We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) - a contract that exempts employers from the …

inexperienced workers secure a permanent contract. Our study evaluates whether this stepping-stone function is moderated by the … contract duration, exploiting a Dutch policy reform that shortened the maximum duration of sequences of temporary contracts …

extra one-time bonus tied to output. Under the bonus contract, we observe bunching of performance just above the bonus … workers gain experience. At the same time, the bonus contract induces considerable learning-by-doing for workers throughout … bunching. In contrast, under the standard piece rate contract, we find minimal evidence of bunching and only small performance …