. 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 is found that the principal is less likely to delegate both tasks in a … dynamic setting than in a static one (where formal contracts are the only feasible incentive device), as handling one task …

Relational contracts - informal agreements sustained by the value of future relationships – are integral parts of …

This paper characterizes the optimal contracts issued to suppliers when delivery is subject to disruptions and when … reduces the risk of disruption. The manufacturer (buyer) either issues symmetric contracts or selects one supplier as a major …

complex contracts and vertical integration have similar causal origins. It is usually assumed that transaction cost economics …

enforceable contracts is costly. A contract can describe contingencies and actions at a more or less detailed level, and the cost … (self-enforcing) contracts. The presence of writing costs has important implications both for the optimal structure of … formal contracts, particularly the trade-off between contingent and spot contracts, and for the interaction between formal …

well as a complement of contracting (regarding coordination concerns). By highlighting the dual role of contracts (i.e. a … current discussion on the relationship between trust and contracts (i.e. substitutes or complements), one that may help …

its product to final consumers through two differentiated retailers. Throughout the supply chain, contracts are linear and …