contract. While enabling the principal to plan and control the project process better, the IPE may also adversely affect the … involves subjective measures, not using IPE may be in the principal's interest; the reason is that the contract now features a …

Scholars have cataloged rigidities in contract design. Some have observed that boilerplate provisions are remarkably …

Incumbent firms, especially in high-tech industries, often contract and collaborate with small research units on single …'s problem to design a research contract that specifies: the allocation of control; the unit's research input, and its monetary … complete contract perspective, an allocation of control that is contingent on the unit's reported information provides the …

capitalism is governed. As the governance of production shifts from vertical integration to horizontal contract, a puzzle arises … that firms govern their collaborations through a number of new contract mechanisms, the summation of which is a novel … complementary) explanation of how contract governs inter-firm networks, not by downplaying the importance of hold-ups or by …

bargaining power and outside options will determine contract choice. If the agent's ex post bargaining position is weak, the …

altruism and marginal costs, and this heterogeneity is unobservable to the government. In a novel application of nonlinear … pricing methods, we theoretically characterize the optimal unrestricted contract in this screening environment with … multidimensional heterogeneity. We combine these results with the estimated model to construct the optimal contract and simulate …

utility is represented by a convex combination of selfish preferences and Kantian morality, or by altruism. In a moral hazard … incentives decreases with the degrees of morality and altruism displayed by the agents, thus leading to increased profits for the …