The research provides evidence from a dataset of R&D joint venture contracts about how firms organize collaborative R&D. We work out of a dataset of 96 contracts to construct a taxonomy of the types of mechanisms firms use in organizing collaborative R&D. We identify mechanisms with particular...

The research illuminates the role of financial structure (debt or equity financing) and contract renegotiation in enabling efficient adaptation over the course of long-term exchange. I provide evidence from a dataset of electricity marketing contracts about how electricity generators and...

There is a tension between the literatures on incomplete contracting and transactions cost economics regarding the importance of ex post governance and the extent to which formal theories of incomplete contracting capture salient aspects of exchange relations. In this paper, we empirically...