We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort … a transfer depending on whether a player has a valid contract or not. We show that the different systems differ only … with respect to the contract length if the contract which maximizes the expected joint surplus of the initial club and the …

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

This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime … premium pay. We expand on the wage contract literature that emphasises the role of firm-specific human capital and that … explores problems of contract efficiency in the face of information asymmetries between the firm and the worker. We first …

contract theory ; long-term contracts ; breach of contract ; sports economics …Recent theoretical research has identified many ways how contracts can be used as rent seeking devices vis-à-vis third … and players sign binding contracts which are, however, frequently renegotiated when other clubs (entrants) want to hire …

"We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … can select one of three agents, while in a third treatment an agent may choose between the contract menus offered by two … correspondence between the theoretical predictions and the contract menus actually chosen in each treatment. There is, however, a …

if labor contracts are incomplete and can be renegotiated by mutual agreement only. Indeed, we show that increases in …

"We analyze the role of damage clauses in labor contracts using a model in which a worker may want to terminate his … current employment relationship and work for another firm. We show that the initial parties to a contract have an incentive to …

We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) - a contract that exempts employers from the … creation, substitution effects - some jobs that are otherwise viable under regular contracts are advertised as ZHCs - are …