We study the optimal contract choice of an upstream monopolist producing an essential input that may sell to two … vertically differentiated downstream firms. The upstream supplier can offer an exclusive contract to one of the firms or non … upstream supplier and the rival downstream firm. The distribution of bargaining power during the contract terms negotiations is …

Default rules of contract ... …

Most contract cases involve disputes about the interpretation of the contracts. There is a voluminous law and economics … literature on contract interpretation, but ironically, it does not address whether and how the contract term that is usually of … most interest to economists – the contract price – might be used to interpret other ambiguous contract terms. This is no …

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

suggests new connections between the theory of relational contracting, on the one hand, and the macroeconomic analysis of …

Joskow (1987) examined the importance of specific investments to the contract duration of coal contracts. Since … examines how the level of specific investments affect the design of coal contract structure, namely the simultaneous choices of … contract duration and pricing provision. The empirical results show that, from both the separate and joint estimations, the …