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 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 …

PPL damages vis-à-vis expected damages under existing contract law. This study clarifies the conditions under which PPLD … legislation ; contract law …

two economically equivalent contracts - a fixed-term renewable and an open-ended at-will contract. Each contract provides … partners with full flexibility regarding the length and termination of their interaction. When only one contract type is … contract type. However, when both contracts are available offering a fixed-term instead of an open-ended contract is perceived …

current employment relationship and work for another firm. We show that the initial parties to a contract have an incentive to …

This paper studies the fact that 37 percent of the internal migrants in China do not sign a labor contract with their … employers, as revealed in a nationwide survey. These contract-free jobs pay lower hourly wages, require longer weekly work hours … contracts in the co-villager network increases the probability that a migrant accepts a contract-free job. We provide three …

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