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Scholars have cataloged rigidities in contract design. Some have observed that boilerplate provisions are remarkably …
Persistent link: https://www.econbiz.de/10013091090
particular, contract management of defense acquisition programs has been identified as “high risk” - threatening project … disruption of cooperation. In addressing this problem, contract literature has mainly focused on how to improve contracts by … the contract, as a legal mechanism, may obstruct cooperation between the DoD and contractors. It proposes a new normative …
Persistent link: https://www.econbiz.de/10013048331
Empirical studies of contracts have become more common over the past decade, but the range of questions addressed by these studies is narrow, inspired primarily by economic theories that focus on the role of contracts in mitigating ex post opportunism. We contend that these economic theories do...
Persistent link: https://www.econbiz.de/10012707890
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 …
Persistent link: https://www.econbiz.de/10012721209
The primacy of the principal-agent model of corporate governance is largely undisputed in the existing law and economics literature. Contrary to the prevailing opinion, this Article contends that the bilateral agency paradigm fails to accurately describe the incentive problems arising in the...
Persistent link: https://www.econbiz.de/10013094987
two economically equivalent contracts - a fixed-term renewable and an open-ended at-will contract. Each contract provides … partners with full flexibility regarding the length and termination of their interaction. When only one contract type is … contract type. However, when both contracts are available offering a fixed-term instead of an open-ended contract is perceived …
Persistent link: https://www.econbiz.de/10011893426
contract drafters on how to modify their existing risk and cost contracting clauses and to courts on how best to construe …
Persistent link: https://www.econbiz.de/10014110372
determined by the principal's investment in drafting an explicit contract. The model is well suited for analyzing the …
Persistent link: https://www.econbiz.de/10014064957
Persistent link: https://www.econbiz.de/10011460280
Persistent link: https://www.econbiz.de/10010234707