If principals are allowed to choose between a revenue sharing, a bonus and a trust contract, a large majority of … experimental subjects choose the revenue sharing contract. We find that this choice is the most efficient while at the same time … fairness can go in hand with the use of monetary incentives …

analysis—justice, fault, and efficiency that help explain the essence of contract law. It also reflects on the tension between …This article explores some of the core concepts that underlie contract law. It rejects the feasibility of a uniform … theory of contract law including a critique of the economic analysis of contract law. The importance of efficient contract …

method. We show that the rationality of the policyholders has a significant effect on average contract value and hence on the … fair contract design. We also present the separating boundary between purely exogenous surrender and endogenous surrender … contracts ; surrender guarantee ; limited rationality ; fair contract analysis …

) conception of justice best explains the existing (European) rules on contract formation and price, and it also casts a long and …This article discusses the introduction of a general “fair price rule” in (European) contract law. According to such a …