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employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave …
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In this paper, a principal's decision between delegating two tasks or handling one of the two tasks herself is analyzed. We assume that the principal uses both, formal contracts and informal agreements sustained by the value of future relationships (relational contracts) as incentive device. It...
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Recently, a number of commentators have questioned the validity of the use of default rules in contract law, by …. In particular, I argue that by carefully analyzing aspects of the employment contract which the parties normally specify …
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