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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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. Beyond that, contracting parties can, and often do, “contract around” these legal doctrines by including a ‘Force Majeure … the legal doctrines of Impossibility and Restitution and how they might apply to a contract undermined by the COVID-19 … unexpected cataclysms, not just those expressly listed in the contract …
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compensated ex ante by a higher wage when agreeing to a long term contract. Using data from the German "Bundesliga", our model … contract theory ; long-term contracts ; breach of contract ; sports economics …
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ante by higher wages when agreeing to a long-term contract. Using data from the German "Bundesliga", our model predictions … are broadly confirmed. -- Strategic contracting ; rent-seeking ; empirical contract theory ; long-term contracts ; breach … of contract …
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compensated ex ante by a higher wage when agreeing to a long term contract. Using data from the German "Bundesliga", our model …
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