D'Agostino, Elena; Lisciandra, Maurizio - Volkswirtschaftliche Fakultät, … - 2012
left to parties’ fairness. According to the previous literature we find that (1) the choice between the two contract … settings in equilibrium depends on fairness and enforcement costs, and (2) whenever a non-enforceable contract is chosen in … should intervene only in the last case, even in the presence of high levels of fairness. Our results are robust and hold in a …