the sequence of events is as follows. In a period, t, the supplier offers a contract to the retailer, and the retailer … excess inventory (we assume a lost sales model) to the next period. In period t 1, the supplier designs a new contract based … certain assumptions, we characterize and evaluate the supplier's optimal contract. To do so, we cast our problem as an adverse …

innovative output as measured by patents, controlling for endogeneity of contract form. The results are consistent with multi …

Weak contract enforcement may reduce the efficiency of investment in developing countries. I study how contract … post contract renegotiation and find that the renegotiation of contracts in response to cost shocks is widespread, despite … strict contract enforcement. Contract enforcement is found to be pro-competitive. With no renegotiation, equilibrium bids …

-term contracts. We argue that only if the parties to a unitization contract have unit production shares that are the same as their … cost shares will the contract be incentive compatible. Using a data base of sixty unit operating agreements, we measure the … desirable contract rules for avoiding moral hazard. It also shows how the effects of those rules can be replicated in difficult …

Contract law governs agreements between parties. This paper contains the chapters on contract law from a general … subject. Chapter 14 is concerned with contract formation, that is, with the process through which parties find contracting … partners, with aspects of contract negotiation, and with the rules governing when an arrangement between parties becomes …

efficiency is not attainable. We show that contracts involving mutual control might sometimes be superior to the best contract …

This paper examines the sharing of risk under three different remedies for breach of contract. The risk considered …. By means of a numerical example, it is shown that use of the prevailing remedy for breach of contract -- the expectation …