experiment, we study behavior in a contract farming game without third-party enforcement but with an external spot market as … outside option. Two players, farmer and company, may conclude a contract but also breach it by side-selling or arbitrary …-order enforcement. Moreover, we investigate whether company players offer price premiums to extend the contract’s self-enforcing range …

furtherance of reciprocal, long-term, trust-based relationships. In this article, Professor Leslie argues that relational contract …

evidence to test these theories by manipulating the extent to which individuals transact repeatedly and the level of contract …