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 …

ship) are often socially beneficial. In these circumstances, the policy of controlling the contract price is preferable, as …

We provide evidence on how two important types of institutions -- dismissal barriers, and bonus pay -- affect contract … negative incentive and efficiency effects of dismissal barriers. Nevertheless, contract enforcement behavior remains … market outcomes are the result of a complex interplay between contract enforcement policies and the institutions in which …

automation further compound the challenge of job creation, which is already quite sizable in historical perspective. Failure to …

This paper provides an empirical investigation into the relationship between ex ante U.S. labor contract durations and … uncertainty. The results not only corroborate previous findings of an inverse relationship between contract duration and inflation …