capitalism is governed. As the governance of production shifts from vertical integration to horizontal contract, a puzzle arises … that firms govern their collaborations through a number of new contract mechanisms, the summation of which is a novel … complementary) explanation of how contract governs inter-firm networks, not by downplaying the importance of hold-ups or by …

Herein I outline an alternative theory of contract and contract enforcement. This theory is based upon two claims, one … the traditional contextualist and the ascendant neoformalist approaches to contract enforcement undermine this new form of … contract, a new philosophy is needed. A hybrid approach, integrating both formalism and problem-solving judicial intervention …

contract that specifies only a fixed quantity and a fixed per-unit price can induce efficient investment if marginal cost is … risk of breaching, the first best becomes attainable with a simple price-quantity contract. …

experiment, we study behavior in a contract farming game without third-party enforcement but with an external spot market as … outside option. Two players, farmer and company, may conclude a contract but also breach it by side-selling or arbitrary …-order enforcement. Moreover, we investigate whether company players offer price premiums to extend the contract’s self-enforcing range …

. We find that it is optimal to write an augmented Cadillac contract that sets one threshold such that it cannot be met …

, oftentimes contract forms are chosen that do not fit participant's (owners', contractors') competences and risk capabilities. In … this paper, MIPP order contract forms are evaluated for the most common settings of owners and contractors with respect to … MIPP are laid-out. Focusing on the main order contract, the involved parties are termed, introducing a "standard situation …