its market and must contract with a bank for outside funds. Contracts between the bank and the monopolist are short … contracting without commitment---the first period contract contains signal dampening and experimentation effects. More importantly … potential game between incumbent and entrant should entry occur. As a consequence of this, the first period contract is …

The essays on contract theory offer new results centering around the theory of the firm. Issues of ownership …

We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the … games increases over time. -- Cooperation ; experiment ; contracts ; indenture ; reciprocity …