We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability …

: how do contracts, presumed to be susceptible to hold-up problems due to incompleteness, control production arrangements … that by their nature invite opportunism? Relying on publicly-available contracts taken from a number of industries, I argue …

. To support this first claim, evidence from collaborative contracts is presented. The second claim is that, because both …

Contracts should be matched to the unique situation of a Major Industrial Plant Project (MIPP). However, in reality … context and the MIPP network of contracts are studied. Based on Project Finance literature, the commercial risks involved in a …

This paper explores the sources of counterparty risk in material supply relationships. Using long-term supply contracts …-specific assets increase the firm's exposure to counterparty risk. Further, we show that contracts with protective financial covenants …

explanation: that the structure of existing microfinance contracts may discourage risky but high-expected return investments. To … financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large …

' reaction to unplanned events, they might agree to pay higher costs of negotiation to complete contracts. Using a unique sample … of U.S. principal-agent consulting contracts and a negative shock to trust between parties staggered across space and … states of the world contracts cover increase after a drop in trust. The results hold for several text-analysis-based measures …

events, they might agree to pay higher costs of negotiation ex ante to complete contracts. Using a unique sample of U ….S. consulting contracts and a negative shock to trust between shareholders/managers (principals) and consultants (agents) staggered … verifiable states of the world covered by contracts increase after trust drops. The results hold for several novel text …

' reaction to unplanned events, they might agree to pay higher costs of negotiation to complete contracts. Using a unique sample … of U.S. principal-agent consulting contracts and a negative shock to trust between parties staggered across space and … states of the world contracts cover increase after a drop in trust. The results hold for several text-analysis-based measures …