This paper considers functions of contracting other than the protection of relationship-specific investments and the provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck drivers in the U.S. Specifically, we argue that...

This paper considers functions of contracting other than the protection of relationship-specific investments and the provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck drivers in the U.S. Specifically, we argue that...

No–poaching clauses (NPCs) have recently come under scrutiny due to their potentially anti–competitive impact on wages. However they can also enhance efficiency. We use data from the US chain restaurant industry to assess the effect of such clauses on wages and we find robust evidence of a...