the aircraft and automobile industries. This paper considers the development of appropriate contracts that enable market … threshold contracts, i.e., contracts where a partner only shares in profits if sales exceed a value determined by risk tolerance …

It is well established that an incumbent firm may use exclusivity contracts so as to monopolize an industry or deter … negative effects (exclusion) of exclusivity contracts. We revisit the seminal model of Aghion and Bolton (1987) under risk …-aversion and show that although exclusivity contracts induce optimal risk-sharing, they can be used not only to deter the entry of …

Binding arbitration is a common method of alternative dispute resolution used in resolving labor disputes. Two … different forms of binding arbitration dominate in practice: conventional arbitration (CA) and final offer arbitration (FOA). In … called “combined arbitration” or CombA (Brams and Merrill, 1986). The rules of CombA involve a simple combination of using CA …